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Tesla CEO Elon Musk has responded to the allegations of “consumer fraud on a massive scale” made by Facebook co-founder Dustin Moskovitz.
Musk has been responding to his allegations on X, formerly Twitter, mostly by ridiculing Moskovitz. In one of the posts on X, he said, “Yeah, Dustin is the one who should go to jail for impersonating a smart person,” Musk wrote.
What Happened: On Thursday, Moskovitz, the CEO and co-founder of software company Asana, took to Threads and accused Tesla of fraudulent practices. He likened the EV giant’s actions to those of Enron, a corporation that went bankrupt in 2001 due to a massive accounting fraud.
“I know I sound crazy to most people who don’t follow $TSLA closely but at this point it really needs to be said. This is Enron now, folks,” he said, adding, “It may keep going, but people are going to jail at the end.”
He went on to say, “Tesla has committed consumer fraud on a massive scale, from lying about FSD, ranges, and (recently, unconfirmed!) even inflating odometers,” adding, “Many times now, also securities fraud.”
Moskovitz’s allegations are based on a graph Tesla shared to mark a significant milestone: one billion miles driven using Full Self-Driving, the company’s advanced driver assist system.
He said that Tesla is incorrectly recognizing its deferred revenue as earned revenue through the wider release of its Autopark feature, resulting in inflated numbers.
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