Elon Musk says he lives in a $50,000 tiny home. Is he actually living at a friend's Austin mansion?

The possibility of eccentric billionaire Elon Musk living or owning property in Austin has been a topic of debate and rumors since the head of Tesla and SpaceX first said he moved to Texas in 2020. But while Musk has proudly declared himself a resident of the Lone Star State, it's been much less clear if he might also be a resident of Central Texas. According to a report by the Wall Street Journal on Wednesday, the billionaire has been living for much of the past year in a mansion on Lake Austin owned by a longtime friend and also has been shopping for one of his own in the Austin area.

Citing unnamed sources, the newspaper reported that Musk has been staying in the waterfront estate of fellow billionaire Ken Howery. But both Musk and Howery called the Wall Street Journal report inaccurate. "The WSJ article is false. I don't live there and am not looking to buy a house anywhere," Musk said in a statement to Insider. Howery said in a text message to the Wall Street Journal after publication of its story that Musk "does not live at my house, he lives in South Texas." "He stayed at the house as my guest occasionally when traveling to Austin," Howery said. The mansion cited by the Journal is located near Mount Bonnell and is part of an exclusive development called Watersedge. The expansive digs include almost 8,000 feet of interior space, a waterfront pool, a jacuzzi and a private boat slip in a neighborhood guarded by several sets of gates and a guardhouse.