Elon Musk Sells Bel Air House

Tesla Inc Chief Executive Officer Elon Musk has sold one of his homes in the Bel-Air area of Los Angeles for $29 million, the Wall Street Journal reported on Friday, citing public records.  "I am selling almost all physical possessions. Will own no house," Musk had said in a tweet on May 1. The buyer is a company tied to Chinese billionaire William Ding, the report said. He is the founder and chief executive officer of online gaming firm NetEase Inc. Musk bought the house for $17 million in 2012 from Mitchell Julis, co-founder of hedge fund Canyon Capital Advisors, according to the report. Musk still owns other properties in the area.