[News] Glass House Saga: Did the Secretive Project 42 Precipitate Disagreements Between Tesla’s Former CFO, Zachary Kirkhorn, and Elon Musk?

[FRIDAY THE 13]

 

When you have a CEO as powerful as Elon Musk, whose larger-than-life presence is inarguably responsible for a sizable chunk of Tesla's gargantuan market cap, rules related to corporate governance and the separation of power inevitably take a back seat. One such instance of Elon Musk's alleged misuse of Tesla's resources is now coming back to haunt him, replete with a full-fledged investigation by the SEC and the office of the Attorney General (AG) for the Southern District of New York (SDNY).

For the benefit of those who might not be aware, the Wall Street Journal disclosed back in July that, as part of the endeavor to construct a lavish glass house for Elon Musk under the auspices of the so-called Project 42, Tesla's resources were used to procure specialized glass worth millions of dollars. In addition, Tesla employees were commissioned to work on the project in secrecy. These developments then prompted a full-fledged investigation from Tesla's board of directors to determine whether the company's resources had been misappropriated and what role, if any, Musk himself played in the saga.

 

link : https://wccftech.com/did-the-secretive-project-42-precipitate-disagreements-between-tesla-former-cfo-zachary-kirkhorn-and-elon-musk/