BusinessPostCorner.com
No Result
View All Result
Friday, July 4, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Tesla should probe Elon Musk’s conflicts of interest: Elizabeth Warren

August 9, 2024
in Business
Reading Time: 1 min read
A A
0
Tesla should probe Elon Musk’s conflicts of interest: Elizabeth Warren
ShareShareShareShareShare

Senator Elizabeth Warren has asked Tesla Inc.’s board to investigate whether Chief Executive Officer Elon Musk is using the electric-vehicle maker’s resources to benefit other companies he owns and runs.

In a 10-page letter sent Thursday to Tesla Chair Robyn Denholm, the Democratic senator said Musk’s activities — like diverting computer chips from the carmaker to his social media company X Corp. — may be inappropriate. Musk acknowledged in June he sent the graphics processing units to X and artificial intelligence venture xAI Corp., saying they would have otherwise sat in a warehouse.

Warren argued diverting the chips could be a “misappropriation of corporate resources” and said founding xAI in itself is an “unavoidable conflict of interest” for Musk.

Tesla didn’t immediately respond to a request for comment.

The senator also raised concerns that Tesla’s board may have “neglected” its corporate governance duties and that the company lacks oversight. She wants additional information to better understand whether the Securities and Exchange Commission or other regulatory agencies may need to intervene. 

Warren, who sits on the Senate’s Banking and Armed Services committees, has voiced similar concerns in the past, and has asked the SEC to investigate Tesla before.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Connecticut joins IRS Direct File free tax prep system

Next Post

Honkamp adds Brems Group | Accounting Today

Next Post
Honkamp adds Brems Group | Accounting Today

Honkamp adds Brems Group | Accounting Today

Biggest US banks pass Federal Reserve stress tests

Biggest US banks pass Federal Reserve stress tests

June 27, 2025
Video games cost a whole day’s wages say fans, as prices rise

Video games cost a whole day’s wages say fans, as prices rise

June 28, 2025
Polyhedra’s Phoenix Revival: Stakers Rewarded After ZKJ Liquidity Crash – What’s Next?

Polyhedra’s Phoenix Revival: Stakers Rewarded After ZKJ Liquidity Crash – What’s Next?

July 1, 2025
Why ‘BYOB’ is this alcohol distributor’s employee wellness strategy

Why ‘BYOB’ is this alcohol distributor’s employee wellness strategy

July 2, 2025
Bitcoin Price Prediction – Why Traders Are Watching the Next 48 Hours Like Hawks 

Bitcoin Price Prediction – Why Traders Are Watching the Next 48 Hours Like Hawks 

June 27, 2025
Trump Family Rakes In 0M+ From Crypto: Meme coin Windfall, Token Sales, and a 20% Bitcoin Stake

Trump Family Rakes In $620M+ From Crypto: Meme coin Windfall, Token Sales, and a 20% Bitcoin Stake

July 2, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

German business warns army draft would deepen worker shortage

German business warns army draft would deepen worker shortage

July 4, 2025
Tax Fraud Blotter: No solution

Tax Fraud Blotter: No solution

July 4, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!