San Francisco: As federal prosecutors within the US probe allegations of non-public advantages Tesla allegedly paid to its CEO Elon Musk, the billionaire on Saturday clarified that he’s not constructing a “glass home” on Tesla cash.
Musk reacted after stories emerged that the Division of Justice (DoJ) and the Securities and Trade Fee (SEC) are investigating the usage of Tesla funds to bankroll a secret undertaking — recognized internally at Tesla as ‘Challenge 42’ — for Musk to construct a “glass home” for him in Texas.
“Simply wish to reiterate that there is no such thing as a glass home (metaphors don’t rely lol) constructed, underneath development or deliberate,” Musk posted on X.
“I’m not constructing any home of any variety anyplace. Interval,” he added.
In keeping with the Wall Avenue Journal, federal prosecutors are investigating Tesla’s use of firm funds on a secret undertaking that had been described internally as a home for Chief Govt Musk.
The US Lawyer’s Workplace for the Southern District of New York has reportedly sought details about what advantages have been paid to Musk,
how a lot Tesla spent on the undertaking, and what the undertaking was for, the report talked about.
The SEC has additionally opened a civil investigation into Tesla’s ‘Challenge 42’.
Earlier stories talked about that Musk as soon as deliberate a lavish glass home for himself close to Tesla headquarters in Austin, Texas, value tens of millions of {dollars}.
The key undertaking included renderings of a glass field with residential options, similar to bedrooms, bogs and a kitchen, stories claimed.
The undertaking reportedly triggered an inside probe over “doable improprieties”, over issues that Musk is perhaps utilizing firm funds to
construct the home.
The ideas for the home included both a “twisted hexagon” or a glass dice harking back to Apple’s fifth Avenue retailer.
