Posted on

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



Share

Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of Twitter, looks on as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023.Gonzalo Fuentes | ReutersTesla is reportedly facing two new federal probes over possible misuse of company resources by or for the personal benefit of CEO Elon Musk.The Wall Street Journal first reported on Wednesday that federal prosecutors with the U.S. Attorney’s Office for the Southern District of New York and, separately, the Securities and Exchange Commission, are seeking information about how much Tesla has spent to plan and build a secretive project, reportedly a spacious glass house in greater Austin, Texas, thought to be for Musk’s personal use.The report also said that the Manhattan federal prosecutors were separately looking into whether Tesla had deliberately misrepresented the battery range for its electric cars. Reuters reported in July that Tesla electric cars often fall short of …

Read More