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21 Jul, 2022

Tesla board investigates Musk’s glass house purchases

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Tesla’s board is investigating Musk for possible misuse of company resources in a project to build himself a mansion near the company’s Texas headquarters. The project involves a glass-walled building near Tesla’s Gigafactory in Austin, of which some renderings apparently show a residential area with bedrooms, bathrooms and a kitchen next to a body of water, with the factory in the background. The board’s probe comes after Tesla’s finance and internal audit teams became aware of an order placed by a Musk advisor (also being probed) for millions of dollars worth of specialized glass, and is focusing on whether executives in Musk’s inner circle used the company’s clout to obtain the glass for a personal project of Musk’s while a global supply chain crisis made the glass more difficult to obtain normally.

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