Tesla Under Federal Investigation for Secret Glass House Project, Reports Say

Tesla is under investigation by the Securities and Exchange Commission (SEC) and federal prosecutors for allegedly using company funds to build a secret glass house for CEO Elon Musk in Texas. The U.S. Attorney's Office for the Southern District of New York is seeking information on the amount spent on the project and personal benefits paid to Musk. The SEC has also opened a civil investigation. Tesla may not face charges or formal allegations. SEC regulations require public companies to disclose perks paid to top executives. The results of Tesla's internal probe and whether the glass was delivered are unknown.