Senator Warren sends letter to Tesla board over Musk’s ‘conflicts of interest’

Senator Elizabeth Warren sent a letter to Robyn Denholm, the chair of Tesla’s board, asking for an investigation into Elon Musk’s “apparent conflicts of interest..” The letter states in part, “I write to you with ongoing concern that Tesla’s Board of Directors appears to be failing to meet its fiduciary duties to Tesla’s shareholders by neglecting to address company CEO Elon Musk’s apparent conflicts of interest. Mr. Musk has long juggled various enterprises in addition to Tesla, as he leads several private companies, including SpaceX, Neuralink, The Boring Company, and X Corp. However, recent reporting indicates that Mr. Musk may not be adequately addressing his competing priorities. Regardless of his personal pursuits and his vast personal wealth, Mr. Musk has legal responsibilities to Tesla-a publicly traded company-and its shareholders. The Tesla Board must act to ensure that Mr. Musk is meeting all of these responsibilities. In the event that the Board fails to meet this duty, I am requesting additional information to understand whether intervention by the Securities and Exchange Commission or other regulatory agencies may be necessary.”