In a digital showdown echoing past corporate scandals, Facebook co-founder Dustin Moskovitz set off a firestorm on Thursday, leveling allegations of fraudulent practices against Elon Musk’s Tesla (NASDAQ:TSLA). Comparing Tesla’s actions to the notorious downfall of Enron, Moskovitz’s remarks have reignited concerns about corporate integrity and accountability.
What Happened: Moskovitz, now CEO of software company Asana, took to Threads to voice his apprehensions, stating, "I know I sound crazy to most people who don't follow closely but at this point it really needs to be said. This is Enron now, folks." Musk’s response? A barrage of ridicule on X (formerly Twitter), with Musk quipping, "Yeah, Dustin is the one who should go to jail for impersonating a smart person."
Amid Moskovitz’ comparison of Tesla to Enron, here’s what you should know about the commodities firm, which was repeatedly hailed as America's "most innovative" and became an enduring symbol of corporate fraud later.
See Also: ‘You’ll Be Amazed:’ Elon Musk Urges Tesla Drivers To Try Supervised Full Self-Driving Software
The Enron Saga
The Enron scandal back in 2001 was like something out of a cautionary tale, showing just how bad corporate greed and deception can get. When the U.S. energy giant went belly-up, it didn’t just go down by itself — it took down Arthur Andersen LLP, a big auditing ...