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Analogous to someone using the company car to make some extra money as a uber/lift driver. Do you still not see the problem?
Kinda, but not as a firable offense.
Using the company car for uber would raise the odometer, wear the tyres, use fuel, risk crashing, etc…
As long as things are within thermal limits, it won’t risk damaging the device.
I guess it could make the battery degrade quicker, but it seems so insignificant in comparison.