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Justice Department Probe Scrutinizes Elon Musk Perks at Tesla Going Back Years

  • The U.S. Department of Justice is conducting a criminal probe into Tesla and its CEO Elon Musk, investigating potential personal benefits provided to Musk since 2017 and the use of company funds to build a proposed glass house.
  • Prosecutors are actively pursuing criminal charges, as indicated by the extended federal scrutiny beyond the glass house investigation. The Securities and Exchange Commission is also investigating the glass house project, which was planned near Tesla's Austin-area factory.
  • The investigations are centered around whether Tesla properly disclosed the perks Musk received, including housing, security, and airplane use, as required by SEC regulations for public companies.
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MarketWatch broke the news in United States on Tuesday, September 19, 2023.
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