Elon Musk Calls DOJ’s Glass House Accusation ‘Next-Level Absurd”

Kelvin Munene Murithi
September 20, 2023
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Elon Musk US Economy America Bankruptcy Federal Budget

Tesla’s CEO, Elon Musk, is under increased scrutiny from federal agencies. Moreover, the Justice Department and the Securities and Exchange Commission (SEC) have amplified their probes into whether Tesla misused company funds for personal benefits to Musk. Central to this investigation is the rumored “Project 42,” an opulent glass house speculated for Musk near Tesla’s Austin, Texas headquarters.

Advertisement
Advertisement

Musk’s Allegations Surface

According to inside sources, federal prosecutors in Manhattan have broadened their inquiry into potential undisclosed personal perks received by Musk since 2017. Consequently, the alleged secret project, known among Tesla employees as “Project 42”, has taken center stage. Details depict a futuristic glass-walled home, possibly resembling “a structure from another galaxy,” as Musk once mentioned to biographer Walter Isaacson.

Additionally, concerns rose earlier this year when Tesla employees reported the company’s purchase of specialized glass using company resources. Moreover, board members took it upon themselves to examine Musk’s involvement in this potential extravagance and the allocation of company funds. 

Meanwhile, notable dismissals from Tesla’s management fueled the fires of suspicion. For instance, Omead Afshar, who headed the Giga Texas factory, faced allegations concerning peculiar orders of rare construction materials.

However, in light of the escalating allegations, Musk took a firm stance. On his social media platform, Musk asserted,

“This would be next-level absurd. I’m not building a house of any kind anywhere.”

Adding to the narrative’s complexity, Walter Isaacson, in his recent biography, indicates that Musk did consider constructing a glass tower but postponed the endeavor.

Advertisement
Advertisement

Concerns Around Self-driving Technology

Additionally, these unfolding investigations come when Tesla faces scrutiny on various fronts. Besides the DOJ, entities like the Securities and Exchange Commission, the California Attorney General, and the National Highway Traffic Safety Administration are all examining the company, especially over self-driving safety concerns.

As the cloud of uncertainty hovers over Tesla and its leader, Elon, the billionaire who once claimed to live in a 375-square-foot modular home, maintains a clear stance against the accusations. Whether Musk’s envisioned glass structure materializes or remains a dream, federal investigations will ensure the truth emerges.

Advertisement
coingape google news coingape google news
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.