The US Attorney’s Office for the Southern District of New York is investigating perks that Tesla has provided Elon Musk over the last several years.
According to a report by the Wall Street Journal, the probe is part of a criminal investigation examining a number of issues, including a proposed house provided by the company as part of a compensation package. Per the reporting, the investigation circles around if there were proper disclosures around the perks that Elon Musk may have received.
In most companies, those disclosures are managed by either internal or external legal teams, but in this instance, it appears that Musk may have been involved personally.
Last month, we saw reports about investigations around the Project 42 housing project, but things have escalated since then. We have seen leaks of the project’s plans, a spacious glass home near Tesla’s Austin HQ.
Apparently, Tesla’s former Chief Financial Officer Zach Kirkhorn raised concerns internally about the project. It is unclear what specific concerns he had with Project 42 and if they are linked to the ongoing probe.
Tesla did not comment on the ongoing federal probe.