Federal agencies, including the DOJ and the SEC, have initiated investigations into Tesla's secretive 'Project 42,' raising questions about the company's use of funds to potentially benefits to CEO Elon Musk. The project involved building a large glass structure that seemingly is intended to serve as a mansion for Musk.
Scott Olsen/GettyFederal agencies, including the DOJ and the SEC, have initiated investigations into Tesla’s secretive “Project 42,” raising questions about the company’s use of funds to potentially benefits to CEO Elon Musk. The project involved building a large glass structure that seemingly is intended to serve as a mansion for Musk.that Tesla has found itself under the microscope of both the DOJ and SEC.
According to sources, the U.S. Attorney’s Office for the Southern District of New York is seeking information related to personal benefits that given to Elon Musk. They are also interested in knowing how much money Tesla spent on a project that involved constructing a large glass structure in the Austin, Texas region, and for what purpose it was intended.
The SEC has also opened a civil investigation into “Project 42,” seeking similar information from Tesla. Musk has awith the SEC, which ordered him to have a “Twitter sitter” after his infamous “funding secured” tweet about taking Tesla private.
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