‘Tesla is not Musk’s private plaything’ — Sen. Elizabeth Warren asks Tesla chair to address CEO’s conflict with Twitter
Tesla Inc. is not the “private plaything” of Elon Musk and its board needs to ensure that the billionaire chief executive’s “hardcore” focus on Twitter doesn’t conflict with his role at the electric-car maker, Sen. Elizabeth Warren wrote the company’s chair on Monday.
— Sen. Elizabeth Warren, in letter to Tesla Board Chair Robyn Denholm In a letter to Tesla TSLA Chair Robyn Denholm, Warren said she was writing over concerns that the board has failed to meet its legal duty of ensuring that its CEO “does not treat the company as a private plaything.
Musk has reportedly used employees of Tesla — as well as his other companies, such as SpaceX — at Twitter, as he seeks to reshape the social-media company that he personally acquired for $44 billion in late October. He has sold billions in Tesla stock, which has been seen as a catalyst for a large decline in the stock, and prominent Tesla investors have called for a new CEO at the electric-vehicle maker in response.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. senator Warren questions Musk purchase of TwitterDemocratic Senator Elizabeth Warren on Monday raised concerns that Tesla Inc's board of directors has failed to meet its legal responsibility to protect the electric vehicle maker in the aftermath of company Chief Executive Elon Musk's acquisition of Twitter, and questioned the reported use of Tesla employees at the social media company.
Read more »
Elizabeth Hurley Denies Taking Prince Harry's Virginity Amid Memoir RumorElizabeth Hurley says she wasn't the one to pop Prince Harry's cherry ... even though he's supposedly set to reveal in his book that he first had sex with a 'beautiful older woman' in the U.K. countryside way back when.
Read more »
NY Sen. Kirsten Gillibrand announces effort to combat anti-Semitism'We as elected leaders have to do everything we can to protect our communities,' the senator said.
Read more »
'Spot shortages' of children's medications causing concern, Sen. Schumer says'It's easier to get some of the hottest toys than to get these things,' Schumer said.
Read more »