Tesla would have investigated CEO Elon Musk for alleged embezzlement, according to The Wall Street Journal. The report indicates that the company suspected that the CEO himself diverted money from the company to build a glass house next to the Gigafactory in Austin. Still The results of the investigation were not made public. and Elon Musk has not commented on the matter.

Sources connected to The Wall Street Journal indicate that “Project 42” (the name of the proposed home) involves the purchase of millions of dollars of special glass in 2022. The publication indicates that the movement was so large-scale that it aroused suspicion on the part of employees. The portal indicates that the glass will be used to build the house, as it was supposed to have bedrooms, bathrooms and a kitchen.

Elon Musk being investigated by Tesla?

For now Tesla has not officially confirmed the investigation into the CEO himself. When asked by The Wall Street Journal, Elon Musk also did not comment. We do not know the accuracy of the information and how true the material published by The Wall Street Journal is, but sources confirm the existence of an investigation. Anyway, even if you are under investigation, it does not mean that you embezzled money from the company.

Bloomberg reported on last year’s glass purchase and commented that the purchase will be subject to an internal audit. According to The Wall Street Journal, the company’s board wants to know about Musk’s involvement in the purchase, as well as to understand whether Tesla employees will work in the house. Tesla rules require a board committee to review any expenses in excess of $120,000, regardless of whether the person is the CEO.

Tesla is currently on record highs thanks to lower car prices. The current investigation has not been confirmed by the company, but if true, it could strain relations between the board of directors and Elon Musk. Since none of the parties involved have confirmed the information to The Wall Street Journal, we do not know the true origin of the information.

BYD Leads Tesla in Brilliant Electric Vehicle Sales in Q2
Chinese automaker records impressive numbers and leads EV market

Source: Engadget, The Wall Street Journal.

…..