Elon Musk categorically denies allegations from SEC and DOJ investigations that he embezzled Tesla money to build a glass house
Elon Musk’s increasingly centrist (some would argue right-wing) political orientation of late has done little to endear him to the upper echelon of the Democratic Party that currently holds executive power.
Musk’s fallout with the current administration began when early in his term, Biden left Musk out of the electric car summit he had gathered at the White House. At the event, Biden refused to mention Tesla and went so far as to crown General Motors CEO Mary Barra as the leader of the electric car revolution.
The rift between the Democratic Party and Elon Musk has widened since Elon Musk acquired Twitter for $44 billion last year. Musk pledged during his acquisition of Twitter to prioritize freedom of expression to the fullest extent permitted by law, and as his first action as CEO of Twitter reinstated several mostly conservative-leaning individuals who had had their access to Twitter restricted or banned entirely from using the social media platform.
Musk’s actions have led him to become increasingly embraced by the Republican Party. However, in the process, while Musk threatens to shake up the status quo, he has also made some powerful enemies at the top of the government.
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Three of Musk’s companies, Tesla, X (Twitter), and SpaceX, are under investigation or have been investigated by the Biden administration’s Justice Department in just the past few weeks.
X got into trouble with the government after refusing to turn over former President Donald Trump’s Twitter information to prosecutors. This week, the Justice Department sued SpaceX for discrimination against refugees in the company’s hiring process. Today, it was revealed that other Musk employees are subject to Tesla Inc. to investigate what may be the most bizarre investigation into tech billionaire companies.
Yesterday, The Wall Street Journal published an article alleging that “Federal prosecutors in Manhattan are investigating Tesla’s use of company funds in a secret project described internally as the home of CEO Elon Musk.”
The ongoing Wall Street Journal writes: “The U.S. Attorney’s Office for the Southern District of New York sought information about personal benefits paid to Musk, the amount Tesla spent on the project — which called for building a deceptive glass structure in the Austin, Texas, area and what was “Delay it”
The WSJ also added that in addition to the DOJ investigations, the Securities and Exchange Commission (SEC) also opened a civil investigation regarding the same issue of Musk embezzling Tesla funds to build a glass house for himself in Austin, Texas.
As bizarre as the acquisition may seem on the face of it (Elon Musk is currently the richest man in the world at $244 billion, and he’s clearly not short of cash to basically steal from Tesla) this isn’t the first time we’ve done so. In it, I heard that Musk used Tesla’s money to build himself a glass house.
The story broke last year when Bloomberg reported that Tesla had ordered millions of dollars in building materials for Elon Musk’s glass house. It is likely that Musk, realizing the absurdity of these allegations, has largely decided to ignore the issue.
However, Musk’s silence on the issue has led some to suspect whether the CEO actually used Tesla’s money to build himself a glass house, and today, Musk finally broke his silence and came out to categorically deny all allegations made at the Department of Justice. . SEC investigated the matter.
Musk responded to a clip from Fox News host Jesse Waters saying, “We have a hunch that these investigations have less to do with glasshouses, and more to do with Biden’s revenge on Musk for buying Twitter, the greatest psychological site Democrats have ever owned.”
In response, Musk wrote, “I’m not building a house of any kind, let alone a glass house!” Musk also added, “That’s one of the funniest things I’ve ever heard. Where is this house!? Metaphors don’t count!”
Musk famously said that he sold all of his homes, and currently, his primary residence is a $50,000 prefabricated house.
With the SEC and Department of Justice investigation currently underway, that’s all the information we have regarding this issue. However, we’ll be sure to keep you updated if more information is revealed in this bizarre saga.
Until then, be sure to visit Torquenews.com/Tesla regularly for the latest updates.
What do you think? Are you happy to hear Elon Musk categorically denies all claims that he used Tesla’s resources to build himself a greenhouse? Also, do you think there are any political motives to all of the recent SEC and DOJ investigations into Musk’s companies? Let me know your thoughts in the comments below.
picture: Courtesy of Tesla
For more information see: After driving a Cybertruck due to fitment and finishing issues, Elon Musk calls on Tesla employees to bring precision to LEGO
Tinsae Aregay has been following Tesla and the development of the EV space on a daily basis for several years. It covers everything about Tesla from cars to Elon Musk, the energy business, and autonomy. Follow Tinsae on Twitter at @TinsaeAregay For daily Tesla news.
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