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Tesla Investigated Musk’s Suspected Use of Company Funds for Personal Project

  • Tesla’s board reportedly launched an investigation into CEO Elon Musk’s suspected use of company funds to build a personal glass house.
  • The ‘Project 42’ initiative involved the purchase of millions worth of special glass and land near the Austin-area Gigafactory.
  • The status of the investigation remains unknown, and Tesla’s policy requires a board committee audit for any expense above $120,000 that involves a CEO’s material interest.
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