Tesla is reportedly facing two new federal probes over possible misuse of company resources by or for the personal benefit of CEO Elon Musk.
that federal prosecutors with the U.S. Attorney's Office for the Southern District of New York and, separately, the Securities and Exchange Commission, are seeking information about how much Tesla has spent to plan and build a secretive project, reportedly a spacious glass house in greater Austin, Texas, thought to be for Musk's personal use.
The report also said that the Manhattan federal prosecutors were separately looking into whether Tesla had deliberately misrepresented the battery range for its electric cars. Reuters reported in July that Tesla electric cars often of the company's advertised range and that the cars' touchscreens display inaccurate remaining range to drivers.and the Manhattan federal prosecutor's office did not immediately respond to a request for comment. The SEC public affairs office told CNBC via email that the agency"does not comment on the existence or nonexistence of a possible investigation."
Such investigations do not always lead to a finding of wrongdoing. However, the new probes add to a litany of other investigations that Tesla is facing from state and federal regulators.:"We receive requests for information from regulators and governmental authorities, such as the National Highway Traffic Safety Administration, the National Transportation Safety Board, the SEC, the Department of Justice and various state, federal, and international agencies.
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