Elon Musk’s “Secret House” project sparks a US probe into Tesla

Federal prosecutors are investigating Tesla’s use of company funds for a secret project internally described as a home for CEO Elon Musk The Wall Street Journal reported Wednesday, citing people familiar with the matter.

Neither Musk nor a spokesman for the US Attorney’s office in Manhattan immediately responded to requests for comment.

No dollar figures were released and the newspaper said the home was near Austin, Texas.

Elon Musk
Elon Musk’s home was reportedly located near Austin, Texas.

The Journal reported in July Tesla board members investigated whether company resources had been misused in this project.

The Securities and Exchange Commission has also launched a civil investigation, the Journal reported.

An SEC spokesman said the agency would not comment on the existence or non-existence of a possible investigation.

Tesla logo
The Journal reported in July that Tesla board members were investigating whether the deal had misused company resources.

The investigation is still in its early stages and may not lead to charges, the journal said.

Prosecutors were looking for information about personal benefits for Musk, the world’s richest man, as well as how much Tesla spent on the project and what it was intended for, the Journal reported.

The newspaper said prosecutors are also looking into a shorter-than-expected range for Tesla electric vehicles.

Ministry of Justice logo
Federal prosecutors are investigating Tesla’s use of company funds.

Reuters reported in July, citing experts who tested or studied them, that the cars often don’t achieve the range estimates and projections given by the cars’ own equipment.


DUSTIN JONES is a USTimeToday U.S. News Reporter based in London. His focus is on U.S. politics and the environment. He has covered climate change extensively, as well as healthcare and crime. DUSTIN JONES joined USTimeToday in 2021 from the Daily Express and previously worked for Chemist and Druggist and the Jewish Chronicle. He is a graduate of Cambridge University. Languages: English. You can get in touch with DUSTIN JONES by emailing dustinjones@ustimetoday.com.

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