Did Elon Musk Have A Secret Glass House Project In Texas? New Report Looks Into Project 42
Portfolio Pulse from Chris Katje
An internal probe by Tesla Inc (NASDAQ:TSLA) is investigating the secretive “Project 42”, which is rumored to be a house for CEO Elon Musk, located in Texas, near the Tesla headquarters. The project involves the construction of a large glass building. Tesla board members are investigating if the project has been misusing company funds, particularly a large purchase for specialized glass costing millions of dollars. The outcome of the investigation is not yet known.
July 12, 2023 | 4:31 pm
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Tesla is investigating a secretive project rumored to be a house for CEO Elon Musk. The probe is focused on potential misuse of company funds, which could negatively impact investor sentiment.
The investigation into potential misuse of company funds for a personal project of the CEO could lead to regulatory scrutiny and damage investor sentiment. This could negatively impact Tesla's stock price in the short term.
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