’Musk’s actions as Twitter CEO raise concerns on…’ Senator Warren to Tesla board
2 years, 3 months ago

’Musk’s actions as Twitter CEO raise concerns on…’ Senator Warren to Tesla board

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In view of billionaire Elon Musk's actions as new Twit Chief, Massachusetts Democratic Senator Elizabeth Warren on Monday sent a letter to the Tesla Inc. board questioning whether Chief Executive Officer Musk is meeting his legal obligations to the company and its, according to Bloomberg News. In the letter, Warren wrote that Musk's actions as the new Twitter CEO have raised questions about possible violations of securities or other laws. “Despite widespread concerns about Mr. Musk’s acquisition of Twitter while serving as CEO of Tesla, it remains unclear whether the Tesla board – which has key decision-making authority within the company – is adequately governing the company or if it has established clear rules and policies to address the risks to Tesla posed by Mr. Musk’s dual roles,” the letter read. Warren's letter also raised concerns about whether there is a conflict of interest between his roles at Tesla and Twitter, particularly because Tesla competitors like Audi AG advertise on Twitter’s platform, Bloomberg reported.

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