🏦Elon Musk Accused Of Misusing Tesla Resources In Social Media Platform Acquisition💎
Elon Musk is facing accusations of misusing Tesla resources to benefit his social media platform, X (formerly Twitter). Leaked emails reveal that Musk redirected critical AI hardware shipments, specifically Nvidia’s H100 AI chips, away from Tesla to support X and his AI startup, xAI. This diversion of resources is causing significant delays in Tesla’s AI projects, including their ambitious self-driving technology .
Additionally, Musk is embroiled in a $7.5 billion insider trading lawsuit filed by a Tesla shareholder. The lawsuit alleges that Musk sold Tesla shares based on inside information about underwhelming production and delivery numbers, which were not yet public. This action allowed him to avoid significant losses that would have occurred had he waited until the information was disclosed .
These controversies add to the tumultuous period for Musk, who has been implementing substantial changes at X, including introducing user subscriptions and attempting to address issues related to hate speech on the platform .
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