Current Events > Tesla Under Investigation for Misappropriating Funds to Build Musk's New Mansion

(+) Yeah! (+)

https://www.yahoo.com/news/tesla-under-investigation-elon-musk-220000435.html

Yet again, Tesla could be facing some serious legal trouble, as it is being investigated by the federal government. But this time its not for allegations of lying to customers about the ranges of its electric vehicles, or for crashes caused by its Autopilot feature, or for its seat belts falling off.

The most recent federal investigation is a result of Tesla allegedly misappropriating company funds to build CEO Elon Musk a new mansion.

The story first emerged last year after an executive at Tesla who was known as Musks top lieutenant was fired from the company after placing an order for special glass for a secret project, which triggered an internal investigation, Electrek reported. The executive was apparently later rehired at SpaceX.

At the time it was not known what the secret project was, but now, reporting from The Wall Street Journal has revealed that the project, known internally as Project 42, is a new glass mansion for Musk being built near Teslas headquarters in Austin, Texas.

That reporting has triggered investigations from both the Department of Justice and the Securities and Exchange Commission, as it goes against several rules for the CEO of a publicly traded company to use company funds for a private project.

This is a weird situation; Elon is the richest man on Earth. He certainly doesnt need Tesla to build him a house, Electreks Fred Lambert wrote. If true, it could be a sign that the CEO is becoming disconnected from reality and thinks he is above the rules. Its not like there were no other signs of that lately.

Musk, whose recent antics include spreading COVID-19 conspiracy theories and promoting transphobia (among many other offensive and controversial behaviors), was cited in a recent survey as the most prominent reason why Tesla owners are turning away from the brand.

Its no secret that Elon hasnt done Tesla any favors given his erratic behavior over Twitter and the like, but if there is any truth at all to this, then the shareholders need to give him the boot before he tarnishes Teslas reputation for good, wrote one Electrek commenter.

Musk is the richest man alive ON PAPER, another commenter speculated. The actual amount of cash he has on hand is extremely small compared to his overall wealth. On top of that hes likely trying to get around paying taxes on these types of purchases and attempting to claim it as a business expense.

Musk is the richest man alive ON PAPER, another commenter speculated. The actual amount of cash he has on hand is extremely small compared to his overall wealth. On top of that hes likely trying to get around paying taxes on these types of purchases and attempting to claim it as a business expense.

https://gamefaqs.gamespot.com/a/user_image/4/8/1/AAcJoVAAE2qh.jpg

A billionaire who tells working class Americans they're unsuccessful because they don't work hard enough is illegally using his tax payer-subsidized company's funds to build his personal mansion.

Throw him under the bus.

The IRS doesn't take kindly to being defrauded.

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He can just pay off anyone trying to investigate him.

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When has being legal stopped him?