According to The Wall Street Journal, at least two government agencies are investigating Tesla’s secret glass house project known as “Project 42.” In July, the publication reported that Tesla’s board initiated an investigation due to concerns that CEO Elon Musk was using company funds for the project. The US Attorney’s Office for the Southern District of New York has now requested information on the project’s expenses and personal benefits enjoyed by Musk. The Securities and Exchange Commission (SEC) has also launched a civil probe and is seeking the same information.
Project 42 involved constructing a glass structure resembling a living space with bedrooms, bathrooms, and a kitchen near Tesla’s facilities in Austin, Texas. The design concepts included a “twisted hexagon” or a glass cube similar to Apple’s 5th Avenue store. The board’s investigation was previously reported by The Journal…
2023-08-31 00:15:18
Link from www.engadget.com rnrn