Feds investigate Tesla's use of funds for secret 'glass house' project

Manhattan federal prosecutors and the SEC are investigating the use of Tesla funds for a secret project involving a glass house for CEO Elon Musk, known as "Project 42," which is prompting inquiries into potential misuse of company resources.

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Relevant topic timeline:

8/30/2023

Elon Musk under investigation for secret glass house project

The Justice Department and the Securities and Exchange Commission are investigating Elon Musk and Tesla for allegedly using company funds to plan a glass house for Musk in Austin, Texas.

8/31/2023

Tesla is under federal investigation over company resources being used to build Elon Musk a house

Tesla is facing a federal investigation by the Department of Justice over allegations of using company resources to build a mansion for CEO Elon Musk, triggering investigations from the SEC and federal investigators from New York.

8/31/2023

Tesla reportedly facing DOJ, SEC probes over plans to build Elon Musk a large glass house

Tesla is facing two new federal probes over potential misuse of company resources by CEO Elon Musk and whether the company misrepresented battery ranges for its electric cars.

9/19/2023

DOJ Probes Tesla's Use of Company Funds for Elon Musk's Personal Benefits

The U.S. Department of Justice is investigating whether Tesla provided personal benefits to Elon Musk and used company funds to build a proposed glass house, potentially leading to criminal charges, as the Securities and Exchange Commission also investigates the matter.

9/20/2023

Tesla and Musk Face Federal Probe Over Financial Dealings Between Tesla and Musk's Other Companies

Tesla and Elon Musk are reportedly under federal investigation over perks and transactions between the company, the CEO, and other companies under Musk's control, with concerns arising over the potential misuse of funds and resources.