Elon Musk
Out of context: Reply #1267
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Tesla is reportedly under investigation by the DOJ and SEC over its mysterious 'Project 42'
The SEC is also investigating whether the project involved using company funds for CEO Elon Musk's personal benefit, the Journal said.
Tesla's board had also inquired into Musk's involvement in the project, and the amount of time any employees had spent on it, according to the Journal's July report.
It can be illegal to use company funds for personal expenses — especially when dealing with a publicly traded company. If a public company were found to have used company funds for an executive's personal use it could lead to an IRS investigation and lawsuits from shareholders.
It's not clear if the building project is still in the works, or whether the glass order was ever delivered, the Journal reported on Wednesday.
https://www.businessinsider.com/…
https://i.insider.com/62d1fda063…