Elon Musk Glass House Case Sees Justice Department Looking Into Personal Benefits From Tesla: The Latest Details
Portfolio Pulse from Chris Katje
The Justice Department is investigating Tesla Inc (NASDAQ:TSLA) CEO Elon Musk over a secretive project rumored to involve the construction of a glass house. The investigation is focused on personal benefits Musk may have received while leading Tesla, with prosecutors looking at benefits received by Musk since 2017. The Justice Department and the Securities and Exchange Commission were previously investigating the potential use of company funds to build a glass house for Musk. The investigation will examine whether Tesla properly disclosed benefits that Musk received.
September 19, 2023 | 10:35 pm
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The ongoing investigation into Elon Musk's personal benefits from Tesla could potentially impact the company's reputation and investor confidence.
The investigation into potential misuse of company funds for personal benefits could negatively impact investor sentiment towards Tesla. This could lead to a decrease in the company's stock price in the short term.
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