Tesla CEO Elon Musk showcased a production version of the company's long-delayed Cybertruck on social media, as the electric vehicle manufacturer aims to enter the profitable pickup segment and compete with rivals Ford and Rivian.
Manhattan federal prosecutors and the SEC are investigating the use of Tesla funds for a secret project involving a glass house for CEO Elon Musk, known as "Project 42," which is prompting inquiries into potential misuse of company resources.
Tesla is facing a federal investigation by the Department of Justice over allegations of using company resources to build a mansion for CEO Elon Musk, triggering investigations from the SEC and federal investigators from New York.
Tesla's plan for a glass house for Elon Musk has not impacted the stock, despite the company's media attention.
Tesla is facing two new federal probes over potential misuse of company resources by CEO Elon Musk and whether the company misrepresented battery ranges for its electric cars.
Tesla CEO Elon Musk, despite previous prioritization of developing a robotaxi, has been convinced by company executives to focus on both a $25,000 electric car and the robotaxi, according to Musk's biographer Walter Isaacson.
Tesla and Elon Musk are reportedly under federal investigation over perks and transactions between the company, the CEO, and other companies under Musk's control, with concerns arising over the potential misuse of funds and resources.
Elon Musk faces another racism controversy as the U.S. Equal Employment Opportunity Commission has filed a lawsuit against Tesla, alleging that the company allowed pervasive racial harassment of Black employees at their California plant.
Tesla CEO Elon Musk has called for a "comprehensive overhaul" of the SEC and Department of Justice, accusing them of abusing their regulatory powers for personal and political gain, just hours after the SEC sued Musk for allegedly failing to testify in its probe into his $44 billion Twitter purchase.
Tesla CEO Elon Musk has a bargaining advantage with banks due to X's poor financial performance, and three lenders involved in Musk's deal to buy Twitter may have formed a group to protect themselves from potential chaos in a fire sale.
