Federal prosecutors have launched an investigation into Tesla’s allocation of company funds to a secret project referred to internally as a residence for CEO Elon Musk, according to the Wall Street Journal. The house, located near Austin, Texas, has not been linked to any specific monetary figures. It was previously disclosed that Tesla board members conducted an investigation into potential misuse of company resources for the project. The Securities and Exchange Commission (SEC) has also initiated a civil probe. While the investigations are still in their early stages, the authorities are focusing on uncovering personal benefits for Musk, as well as exploring the expenses incurred by Tesla for the project. Additionally, they are investigating the discrepancy between the expected and actual driving range of Tesla’s electric vehicles, as previously reported by Reuters in July. The outcome of these investigations remains uncertain at this time.
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