Federal investigators are widening a probe of benefits Tesla Inc. TSLA 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.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.