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Elon Musk’s perks at Tesla under Justice Department scrutiny: report

Clyde Edgerton by Clyde Edgerton
September 19, 2023
in Markets
Elon Musk’s perks at Tesla under Justice Department scrutiny: report
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Federal investigators are widening a probe of benefits Tesla Inc.
TSLA,
+0.24%
provided to Chief Executive Elon Musk as part of a criminal investigation, according to the Wall Street Journal on Tuesday. The Journal reported that the Justice Department was probing personal benefits Tesla has provided the billionaire CEO since 2017, including a proposed house, citing unnamed sources close to the matter. The new information indicates that federal prosecutors are interested in a broader investigation than reported in late August, the Journal said. Tesla shares rose 0.7% in recent activity, compared with a 0.2% decline on the S&P 500 index
SPX,
-0.26%.



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