US prosecutors are examining benefits Tesla may have offered Elon Musk, including a glass house project, as part of a criminal investigation.
Manhattan federal prosecutors’ extensive investigation into Tesla’s use of company funds suggests they are pursuing possible criminal charges.
According to the Wall Street Journal, the US Attorney’s Office for the Southern District of New York is closely examining personal benefits that the electric car maker may have given to its CEO.
Musk, the richest man in the world, does not receive a cash salary from Tesla but is paid in stock options.
But prosecutors are investigating whether Tesla properly disclosed any benefits Musk may have received in his role, according to the Wall Street Journal.
The investigation includes a house project for the billionaire known as “Project 42.”
Plans for the structure suggested it would be a “vast glass building” located near Tesla’s Austin headquarters, the Wall Street Journal reported.
Musk said there was no glass house “built, under construction or planned,” joking, “metaphors don’t matter.”
He did not discuss previous house projects, but said on X, his social media platform formerly known as Twitter, “I’m not building a house of any kind, anywhere.”
In 2020, Musk said he intended to sell “almost all” of his physical possessions and pledged to “own no” homes.