Tesla, the innovative electric vehicle manufacturer, has recently disclosed a series of transactions involving itself, CEO Elon Musk, his various companies, and board members. These transactions, which were reported in a new SEC filing, shed light on the financial interactions between these entities for the year 2024 and up to February 2025.
One of the notable transactions revealed in the filing is the commercial, licensing, and support agreements between Tesla and SpaceX. SpaceX, Musk’s aerospace company, incurred expenses of approximately $2.4 million in 2024 and around $0.1 million through February 2025 as part of these agreements. While the specific nature of these agreements was not disclosed, it is known that Tesla and SpaceX have collaborated on material science projects and shared ERP systems in the past.
Additionally, Tesla has been paying SpaceX for the use of Musk’s private aircraft since April 2016. The expenses related to this arrangement amounted to approximately $0.8 million in 2024 and roughly $0.04 million in the first two months of 2025. This transaction has been reported annually between the two companies.
Another interesting revelation is Tesla’s expenditure on advertising on X, a newer addition to Musk’s portfolio of companies. In 2024, Tesla spent about $400,000 on advertising on X, which increased to only $10,000 in 2025. This move came shortly after Musk acquired Twitter, a platform heavily reliant on advertising revenue.
Furthermore, xAI, another private company owned by Musk, paid Tesla nearly $200 million in 2024 and close to $37 million in the first two months of 2025. The majority of this expenditure was attributed to xAI’s purchase of Tesla’s Megapack products for powering its data centers.
In addition to these transactions, Tesla also engaged in financial dealings with The Boring Company, a tunnel construction firm owned by Musk, and paid approximately $3.6 million in 2024 and $0.8 million in early 2025. This expenditure was likely related to the construction of a tunnel linking the Cybertruck’s end-of-line at Gigafactory Texas to a loading lot.
Moreover, Tesla disclosed that it sold around $30 million worth of scrap materials to JB Straubel’s Redwood Materials for recycling. Straubel, a co-founder and former CTO of Tesla, now runs Redwood Materials, a battery recycling and material firm.
Lastly, Tesla paid $300,000 to Kimbal Musk’s company, Nova Sky Stories, for a drone show in 2024. Kimbal Musk, Elon Musk’s brother and a member of Tesla’s board, heads Nova Sky Stories.
In conclusion, while there may be potential synergies between Musk’s various companies, the extent of financial transactions and collaborations raises concerns about corporate governance and potential conflicts of interest. As Tesla continues to navigate these complex relationships, transparency and accountability will be crucial in maintaining the trust of shareholders and the public.
