Elon Musk, the CEO of Tesla, finds himself embroiled in yet another controversy. In the latest twist surrounding Elon Musk and Tesla, the company’s board has launched an investigation into the renowned CEO’s alleged misuse of funds.
The Wall Street Journal reports that the probe centers on Musk’s utilization of company resources for a pet project—building a stunning all-glass house in close proximity to Tesla’s Gigafactory in Austin, Texas. The house, affectionately known as “Project 42,” has come under scrutiny due to the significant quantities of special glass purchased, which had previously caught the attention of Tesla employees.
Sources suggest that “Project 42” was part of an initiative that involved procuring millions of dollars’ worth of special glass. Interestingly, limited liability firms linked to Musk and other Tesla executives acquired adjacent properties in the area. While the investigation delves into the nature of Musk’s use of company funds for personal endeavors, the status and outcome of the inquiry remain undisclosed.
Boasting bedrooms, bathrooms, and a kitchen, the glass house appears to have been designed for personal use. However, Tesla’s policies are known for their strictness, setting the company apart from others in the industry. While executive perks like private jets are not unheard of, Tesla imposes stringent regulations. According to these policies, any expenses surpassing USD 120,000 per person must undergo audit by a board committee.
Despite the allegations and ongoing investigation, Tesla has yet to release an official statement due to its previous decision to dismantle its PR department. Elon Musk has remained silent, refraining from commenting on the allegations or the probe into potential financial improprieties.
In the broader realm of tech news, Meta (formerly known as Facebook) has unveiled a novel feature that allows users to engage in real-time video calls using personalized avatars, revolutionizing virtual communication.
As the investigation into Musk’s alleged misuse of funds unfolds, all eyes remain fixated on the outcome, eagerly awaiting resolution and clarification regarding the actions of this influential figure within Tesla.