Warren Calls for SEC Probe into Musk's Influence over Tesla Board

Senator Elizabeth Warren has expressed concerns over Elon Musk's potential conflicts of interest and the independence of Tesla's board, urging for an investigation.

Sen. Elizabeth Warren has urged SEC Chair Gary Gensler to investigate Elon Musk's influence over Tesla's board, raising concerns over potential conflicts of interest and the board's independence.
Warren's concerns include Musk's treatment of Tesla, his significant ownership stake, and potential redirection of Tesla's resources to his private companies, including X and xAI.
Tesla's stock has fallen by 30% this year amid growing scrutiny over Musk's roles and actions as CEO.
The SEC has previously investigated Musk at least three times, highlighting ongoing regulatory attention towards his public statements and business dealings.
Warren criticized the Tesla board for its apparent inaction in addressing these risks, suggesting it operates under Musk's undue influence.