The US Department of Justice has opened an investigation into the use of Tesla funds To fund a project that could be the residence of its CEO, Elon Muskaccording to the newspaper The Wall Street Journalwhich quotes anonymous sources.
The US Securities and Exchange Commission (SEC) will also investigate the case, although the newspaper notes that both investigations are in the preliminary stage and may come to naught.
The project in question, known internally as “Project 42”, It included building a large glass area In Austin, Texas, where Musk moved the Tesla headquarters in December 2021.
The electric car company’s board of directors did indeed investigate in July whether the funds were used improperly, and whether Musk himself was involved in planning the project, though his findings have not been made public.
according to The Wall Street JournalIt started when several employees questioned the use of a special type of glass the company had bought for several million dollars.
SEC rules state that public companies Transactions over $120,000 USD must be reported In which any of its executive directors may have a material interest.