Stock & Business

Tesla (TSLA) reveals $573M web of transactions between Elon Musk’s companies

Tesla's amended SEC filing reveals $573 million in revenue from Elon Musk's other companies, primarily SpaceX and xAI, along with additional expenses flowing to X, The Boring Company, and Musk's personal security firm. This detailed disclosure highlights the extensive financial interconnections within Musk's corporate empire, showing how Tesla both generates income from and pays costs to his other ventures. For Tesla owners and enthusiasts, this raises questions about potential conflicts of interest and how these transactions might impact Tesla's financial performance and corporate governance.