In addition to these, Musk is personally involved in several lawsuits, including one against OpenAI for allegedly prioritizing profit over humanity, and another for allegedly promoting a conspiracy theory. He is also being investigated by the Justice Department and the Securities and Exchange Commission over potential misleading claims about Tesla's self-driving capabilities, improper use of company funds, and his purchases of Twitter stock. The Federal Trade Commission is also monitoring X Corp. for compliance with a data privacy settlement.
Key takeaways:
- Elon Musk and his companies, including Tesla and X Corp., are involved in numerous lawsuits and government investigations, with issues ranging from fatal crashes blamed on Tesla's Autopilot system to civil rights complaints and alleged labor violations.
- One of the lawsuits against Tesla involves Musk's $55.8 billion pay package, which was voided by a judge in January. Musk and Tesla are planning to appeal this decision.
- X Corp., formerly Twitter, is facing multiple suits over labor and workplace violations following mass layoffs after Musk's 2022 acquisition. The company is also accused of failing to pay vendors and landlords.
- Government investigations into Musk's companies include probes by the Justice Department and Securities and Exchange Commission into Tesla's self-driving capabilities and the company's use of funds to build a glass house in Texas.