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Tesla under federal probe over mysterious project to build ‘glass house’ for Elon Musk, report says
Tesla under federal probe over mysterious project to build ‘glass house’ for Elon Musk, report says
Electric vehicle manufacturer Tesla is reportedly under a federal investigation over a mysterious project that might involve the construction of a “glass house” for its chief Elon Musk. Federal authorities are probing whether the EV company’s funds were being used for Mr Musk’s own personal use, The Wall Street Journal reported, citing people familiar with the matter. The US attorney’s office in New York has sent subpoenas to current and former employees at Tesla, asking information about the company’s purchase of hard-to-get construction materials, and investigating whether the project involved appropriate use of the EV-maker’s funds, according to Bloomberg. The strange project appears to be for a “dramatic glass-walled building” close to Tesla’s Texas headquarters, the Journal noted. Prosecutors are also reportedly reviewing Tesla’s 2022 purchase order for a construction material – “a special kind of glass”. But a mere investigation by federal agencies does not mean there is likely any criminal or civil proceedings ahead, as officials sometimes start inquiries that can lead to dead-ends. It also remains unclear if the project is still under work, or if any construction material was ever delivered. Tesla has not immediately responded to The Independent’s request for comments. Mr Musk has previously expressed interest in building a “utopia” in Texas, constructing a whole new town from scratch on thousands of acres of farmland Tesla bought outside the state capital Austin. In March, the Tesla titan attended meetings with land owners and real estate agents, where he and his staff outlined his ideas for the project, The Independent reported. Mr Musk reportedly wants his staff around Austin – including employees at SpaceX, Tesla and the Boring Company – to be able to live in new homes for rents below market value. Local court documents filed in January also show plans to build over 100 homes near “Snailbrook” – a reference to the Boring Company mascot “Gary the Snail.” A town needs at least 201 residents and approval from a county judge to be incorporated, according to Texas law. Documents also reveal further plans to build 110 more homes in the planned town “Project Amazing”. Read More Elon Musk booed at video games contest as crowds shout: ‘Bring back Twitter!’ Meta could finally launch Threads feature everyone is waiting for Musk admits X may be doomed to fail as glitch wipes out old pictures from Twitter Elon Musk booed at video games contest as crowds shout: ‘Bring back Twitter!’ ‘San Francisco will end up like Detroit’: Why Elon Musk and tech CEOs are fighting lawsuit on homeless crisis Elon Musk’s SpaceX sued over allegations of hiring discrimination
2023-08-31 13:24
Binance.US legal and risk executives are leaving - WSJ
Binance.US legal and risk executives are leaving - WSJ
Risk and legal executives at the U.S. affiliate of Binance are leaving at a time when the crypto
2023-09-15 02:28
Samsara Named as One of the UK’s Best Workplaces in Tech™
Samsara Named as One of the UK’s Best Workplaces in Tech™
LONDON--(BUSINESS WIRE)--Sep 8, 2023--
2023-09-09 00:20
Google kills its AR rival to Apple Vision
Google kills its AR rival to Apple Vision
Google has scrapped its latest augmented reality (AR) headset that was meant to rival headsets from Apple and Meta, according to reports. The search giant’s ‘Project Iris’ was abandoned earlier this year, Insider reported, making it the second major set of smart glasses to be ditched following Google Glass. The latest AR glasses were first teased last year at Google I/O, with a video showing wearers using the device to translate conversations in real-time. “What we’re working on is technology that enables us to break down language barriers,” Max Spear, a product manager at Google, said in the video. “Making access to information just instant and intuitive, and by doing that technology fades into the background.” Since the glasses were teased, Apple has unveiled its Vision Pro headset and Meta has shown off its latest Quest 3 goggles, which will be available later this year. Google’s aborted project comes eight years after the firm discontinued its Glass smart glasses for consumers, and just months after it stopped producing the enterprise version. It follows the departure of Clay Bavor, Google’s chief of augmented and virtual reality, with the company’s focus now switching to AR software rather than hardware. One AR software platform is Android XR, which is being built for a headset under development at Samsung. A Micro XR platform is also rumoured to be in the works, which is expected to run on AR smart glasses rather than larger mixed reality goggles. One unnamed employee told Insider that Google was aiming to created the “Android for AR”, referring to the tech giant’s hugely popular mobile operating system. A spokesperson for Google declined to comment. Samsung announced at its Galaxy Unpacked event in February that it had partnered with Google and Qualcomm to make a mixed reality platform. No details were given about what the product might look like, with the company saying more information would be given later this year. “We are working to create a new era of highly immersive digital experiences that blur the line between our physical and digital worlds,” said Qualcomm’s Cristiano Amon. “With our Snapdragon XR tech, Samsung’s amazing products, and Google experiences, we have the foundation to make this opportunity a reality.” Read More ‘I saw the future. It left me in tears’ Apple releases urgent update to iPhone and iPad users Apple starts letting developers make apps for its upcoming headset The Apple Watch is getting some major changes this year – here’s why
2023-06-28 22:25
It’s Not Too Late: Here’s How to Get In on the $725 Million Facebook Settlement.
It’s Not Too Late: Here’s How to Get In on the $725 Million Facebook Settlement.
The deadline to claim a portion of the payout is Friday, Aug. 25, for U.S. Facebook users who were on the social media platform between May 24, 2007, and December 22, 2022.
2023-08-19 23:57
Microsoft is blocking 'unauthorised' Xbox accessories
Microsoft is blocking 'unauthorised' Xbox accessories
Xbox users not using official accessories will face an error code.
2023-10-30 20:17
How to Get the Tactical DMR in Fortnite
How to Get the Tactical DMR in Fortnite
Players can get the Tactical DMR in Fortnite by finding the new weapon in chests, vaults, ground loot, or Holo Chests.
2023-10-05 23:54
Tesla raises price of high-performance Model Y in China by 14,000 yuan
Tesla raises price of high-performance Model Y in China by 14,000 yuan
BEIJING Tesla Inc has increased the price for its Model Y high-performance version SUV in China by 14,000
2023-10-27 08:47
Epic Games Sends Fortnite Content Creators Chapter 1 Teaser
Epic Games Sends Fortnite Content Creators Chapter 1 Teaser
Epic Games teased the return of Fortnite Chapter 1 maps, skins, and music in packages sent to content creators, revealing the OG theme of Chapter 4 Season 5.
2023-10-26 00:25
FIFA 23 Community/EFIGS TOTS Upgrade SBC: How to Complete
FIFA 23 Community/EFIGS TOTS Upgrade SBC: How to Complete
FIFA 23 Community/EFIGS TOTS Upgrade SBC is now live during Ultimate Team of the Season. Here's how to complete the SBC and if it's worth it.
2023-06-15 01:24
Blackstone and Permira to buy Adevinta for about $13 billion
Blackstone and Permira to buy Adevinta for about $13 billion
Permira and Blackstone on Tuesday said that they willacquire eBay-backed online classifieds group Adevinta ASA for about 141
2023-11-22 00:53
Coinbase revenue beats estimates on interest income boost
Coinbase revenue beats estimates on interest income boost
(Reuters) -Coinbase Global beat second-quarter revenue expectations on Thursday as a surge in the crypto exchange's interest income cushioned a
2023-08-04 04:24