Posted 3/22/2024, 12:07:56 AM
Warren Calls for SEC Investigation Into Whether Musk is Prioritizing Personal Interests Over Tesla Shareholders
- Sen. Elizabeth Warren urged the SEC to investigate if Elon Musk is improperly putting his interests ahead of Tesla shareholders
- Warren raised concerns about links between Musk and Tesla board members, including his brother
- She criticized the board's silence after Musk said he'd be "uncomfortable" growing Tesla's AI without a 25% stake, threatening company opportunities
- Warren said the board took no action despite growing worries about Musk's conflicting roles
- She noted the Delaware court ruling questioning the Tesla board's independence from Musk