PILOT SPIN
Spin Zone => Spin Zone => Topic started by: Lucifer on September 19, 2023, 04:05:49 PM
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Looks like the Regime's DoJ is now targeting Musk.
https://www.wsj.com/tech/justice-department-probe-scrutinizes-elon-musk-perks-at-tesla-going-back-years-3493e321?mod=djemalertNEWS
Federal prosecutors are scrutinizing personal benefits Tesla TSLA 0.46%increase; green up pointing triangle may have provided Elon Musk since 2017—longer than previously known—as part of a criminal investigation examining issues including a proposed house for the chief executive.
The U.S. Attorney’s Office for the Southern District of New York also has sought information about transactions between Tesla and other entities connected to the billionaire, people familiar with the investigation said. Prosecutors have referenced the involvement of a grand jury.
The new information indicates that federal prosecutors have a broader interest in the actions of Musk and Tesla than was previously known and that they are pursuing potential criminal charges. The Wall Street Journal reported last month that the Justice Department is investigating Tesla’s use of company resources on a secret project that was described internally as a house for Musk.
The house effort was known within the carmaker as “Project 42,” and plans called for an expansive glass building to be constructed near Tesla’s Austin-area factory and headquarters.
The Securities and Exchange Commission has opened a separate civil investigation into the project, the Journal has reported.
On X, the social-media platform formerly known as Twitter, Musk has said there isn’t a glass house “built, under construction or planned.” He didn’t address past work or plans; neither he nor his representatives have responded to requests for comment.
Last year, Musk explored building a home for himself on a horse farm across the Colorado River from the factory known as Giga Texas—and met with an architect to brainstorm designs—but “put off building it,” Walter Isaacson wrote in an authorized biography of the billionaire published this month. At one point, according to the book, Musk suggested the design could incorporate a shard of glass emerging from a lake.
The Journal spoke with an array of people about Tesla and the government investigations for this article.
Among the questions prosecutors are examining is whether Tesla properly disclosed perks Musk might have received. Internal or external lawyers typically handle such disclosures. At Tesla, Musk has at times personally guided what information to disclose to shareholders. It couldn’t be learned whether that was the case with any perks that prosecutors are scrutinizing. Tesla has said it generally doesn’t provide perks or other personal benefits to its top executives.
The Manhattan-based federal prosecutors also have sought information about a separate issue, the driving range of Tesla’s electric vehicles, the Journal reported in its article last month.
The Journal reported last October that the SEC and federal prosecutors in Washington and San Francisco were investigating whether Tesla misled consumers and investors about the performance of its advanced driver-assistance system known as Autopilot. The agencies haven’t announced any enforcement action against Tesla in connection with those investigations. Tesla has disclosed in securities filings that it received Justice Department inquiries about Autopilot.
Within Tesla, Project 42 and its purpose were closely guarded secrets.
Tesla lawyers and board members scrutinized the project after employees became concerned about how millions of dollars of large-format glass panels the company had ordered would be used.
Zach Kirkhorn, who was Tesla’s chief financial officer before stepping down last month, was among those who raised concerns internally about the project.
Some employees were told a limited liability company called Peninsula LLC would reimburse Tesla for certain costs. An LLC by that name, formed in April 2022, is managed by Musk adviser Jared Birchall, Texas records show.
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I think we all expected this. He outed the regime's censorship and interference in the 2020 election. He let Orange Man back on Twitter. He allows non-leftist opinions on Twitter. He is an enemy of the fascist regime that's trying to take over the U.S.
Next expect the parade of me too women with rape allegations.
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Quite a potpourri of unrelated claims.
I did a check of previous cases of failure to disclose executive perks and the SEC has typically fined the executive, the company, or merely told the company to cease and desist. Nobody goes to jail. Such issues generally don't make newspapers like WSJ do front-page "exclusive" news stories,
https://www.hklaw.com/en/insights/publications/2022/01/the-secs-ears-remain-perked-for-an-abundance-of-executive-perks (https://www.hklaw.com/en/insights/publications/2022/01/the-secs-ears-remain-perked-for-an-abundance-of-executive-perks)
https://www.sec.gov/news/press-release/2023-111 (https://www.sec.gov/news/press-release/2023-111)
The complaint about Tesla's falsifying the range of their EVs appears unlikely to lead anywhere since the EPA generally performs the test. For the WSJ to repeat the claim indicates, at best, shoddy journalism.
https://www.epa.gov/greenvehicles/fuel-economy-and-ev-range-testing (https://www.epa.gov/greenvehicles/fuel-economy-and-ev-range-testing)
https://cleantechnica.com/2020/08/18/how-does-epa-calculate-electric-car-range/ (https://cleantechnica.com/2020/08/18/how-does-epa-calculate-electric-car-range/)
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Here lately we've watched prosecutors indict over items that weren't necessarily considered crimes.
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But, but, but......he's "GREEN".
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But, but, but......he's "GREEN".
No he's not! EVs are not green. I keep reading that right here. BATTERIES! Electric Power plants! Mining!
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No he's not! EVs are not green. I keep reading that right here. BATTERIES! Electric Power plants! Mining!
Being green isn’t the point. Virtue signaling being green is what the greenies do.
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No he's not! EVs are not green. I keep reading that right here. BATTERIES! Electric Power plants! Mining!
I was being facetious. Chill. ::)
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Being green isn’t the point. Virtue signaling being green is what the greenies do.
^^^^THIS!!!
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I was being facetious. Chill. ::)
I think he was facetious too. I think…
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"It's not easy bein' green." - Kermit the Frog
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I was being facetious. Chill. ::)
So was I.
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"It's not easy bein' green." - Kermit the Frog
Well played, sir!