{"id":2017098,"date":"2023-08-30T17:01:02","date_gmt":"2023-08-30T21:01:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/federal-investigators-probe-whether-musk-used-tesla-funds-to-build-glass-house\/"},"modified":"2023-08-30T17:03:26","modified_gmt":"2023-08-30T21:03:26","slug":"federal-investigators-probe-whether-musk-used-tesla-funds-to-build-glass-house","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/federal-investigators-probe-whether-musk-used-tesla-funds-to-build-glass-house\/","title":{"rendered":"Federal investigators are examining if Musk utilized Tesla funds for glass house construction."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffederal-investigators-probe-whether-musk-used-tesla-funds-to-build-glass-house%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2017098&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Federal Prosecutors \u2064Investigating Claims of\u200b Misuse of Tesla \u200cFunds by Elon Musk<\/h2>\n<p>Federal\u2063 prosecutors are currently\u2062 looking into allegations that Elon Musk, CEO of \u2062Tesla, secretly used <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fiat-chrysler-to-pay-30m-settlement-linked-to-racketeering-scandal\/\" title=\"Fiat Chrysler to pay M settlement linked to racketeering scandal\">company funds<\/a> to construct a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/why-is-brian-stelter-so-obsessed-with-tucker-carlson\/\" title=\"Why Is Brian Stelter So Obsessed With Tucker Carlson?\">glass house<\/a> for himself. The United States Attorney&#8217;s Office for the Southern District of New York has specifically requested information\u200c regarding personal benefits received by Musk and the amount of \u200bfunds invested in this undisclosed project, known as &#8220;Project 42.&#8221; The\u2064 project aimed\u2062 to build a large glass \u200cstructure \u200din Austin,\u2064 Texas.<\/p>\n<h3>Internal Investigation\u200d and SEC Involvement<\/h3>\n<p>Tesla&#8217;s board had previously conducted an internal investigation\u200c to determine if company resources were utilized for Project 42 and to assess\u200b Musk&#8217;s level of involvement. However, the details of\u200b this investigation were never\u2062 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/warp-speed-advisor-expects-vaccine-to-ship-mid-december-herd-immunity-by-may\/\" title=\"\u2018Warp Speed\u2019 advisor expects vaccine to ship mid-December, \u2018herd immunity\u2019 by May\">made public<\/a>, and it\u200b remains\u2063 uncertain whether the glass\u200b structure was \u2063ever \u200bcompleted.<\/p>\n<p>In addition to the internal investigation, the Securities and Exchange Commission (SEC) has initiated a civil investigation into Project 42. The SEC has made similar\u2062 requests for information as the Southern District, as per their regulations that \u2062require \u200bpublic companies to disclose transactions exceeding $120,<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/federal-investigators-probe-whether-musk-used-tesla-funds-to-build-glass-house\/\" title=\"Federal investigators are examining if Musk utilized Tesla funds for glass house construction.\">000 involving related parties<\/a> with a significant interest. Both\u200c investigations are still in their \u2063early stages \u2063and may not result in formal allegations of wrongdoing.<\/p>\n<h3>Other Federal Investigations into Tesla<\/h3>\n<p>It is worth\u200c noting that this is not the only federal investigation involving Tesla. The Department of Justice \u2062and SEC are also looking into allegations that the company misled\u200b customers regarding\u200b the capabilities of its self-driving \u200bsoftware, Autopilot.<\/p>\n<p>Elon Musk has had previous clashes with the SEC, stemming from a \u2062fraud lawsuit\u200d in 2018 that resulted in him agreeing to pay\u200b $20 million in settlement. However, Tesla has not yet\u200c responded to requests for comment regarding the current investigations.<\/p>\n<p><strong>Source:<\/strong> <a href=\"https:\/\/www.washingtonexaminer.com\" target=\"_blank\">The Washington Examiner<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Federal prosecutors are investigating allegations that Elon Musk misused Tesla&#8217;s funds to construct a private glass house. The US Attorney&#8217;s Office in the Southern District of New York is seeking details on personal benefits provided to Musk, including the undisclosed amount of money allocated for this covert venture.<\/p>\n","protected":false},"author":1,"featured_media":2017099,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2017098","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2017098","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2017098"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2017098\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2017099"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2017098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2017098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2017098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}