Fascist- friendly Elon Musk's exploding car company is being investigated again, this time to determine whether Musk used company funds for personal expenses, in this case a glass house (!) for the meglomaniac:
Tesla is facing scrutiny over its mysterious "Project 42" that was believed internally to involve building a glass house for Elon Musk, according to a recent report from The Wall Street Journal.
The publication said, citing people familiar with the issue, that federal prosecutors are investigating whether Tesla used its own funds for Musk's personal use, and is looking into how much the company has spent on the initiative, as well as its purpose. The US Attorney's Office for the Southern District of New York issued subpoenas to multiple current and ex-Tesla employees, some of which have been asked to appear in court in September, Bloomberg reported on Wednesday.
The Securities and Exchange Commission has also launched a probe into the issue, the Journal said. Though, both investigations are in their "early stages," according to the Journal. [snip]
In July, the Journal reported that the project involved plans for a glass building that would be set up near Tesla's gigafactory in Austin, Texas and was internally understood to be a house for the Tesla CEO. The project appeared to be for a "dramatic glass-walled building" and concept plans showed differing designs and features, but included residential elements like bedrooms, according to the report.
The project drew scrutiny last year within the company after an order for a special kind of glass was made as part of the building-planning efforts. At the time, the internal inquiry into the order had targeted Omead Afshar, an executive leading Tesla's Texas factory, Bloomberg reported last year. On Wednesday, the publication reported that federal prosecutors were seeking information related to internal communications with Afshar, who was said to be involved in purchasing the construction materials. [snip]
Tesla's board had also inquired into Musk's involvement in the project, and the amount of time any employees had spent on it, according to the Journal's July report.
It can be illegal to use company funds for personal expenses — especially when dealing with a publicly traded company. If a public company were found to have used company funds for an executive's personal use it could lead to an IRS investigation and lawsuits from shareholders.
Musk has denied that the project involved building a glass house for himself, though not under oath. But, as someone who clearly believes the rules don't apply to him, it would not surprise us in the least if the investigation bore fruit. He's been in trouble before with shareholders, and the Tesla board of directors has taken heat as well for Musk's erratic behavior.
An interesting side note: one of the Tesla board members is James Murdoch, whose family owns The Wall Street Journal, the newspaper that's been uncovering the various difficulties Musk has had with the SEC and US Attorney's Office in New York. Could he be feeding investigators with inside information about Musk's use of company funds? Feel free to speculate!
BONUS: Just another reminder, as if any more were needed, that Musk is a despicable thing.
(Photo: the model of a modern multi-billionaire / Getty Images)
