SEC Launches Investigation into Elon Musk’s Alleged Board Control and Financial Misconduct – What Will Happen Next?
Boston, MA – Senator Elizabeth Warren raised concerns with the Securities and Exchange Commission in a detailed letter dated March 21st, highlighting potential conflicts of interest at Tesla. The letter pointed to allegations that Tesla’s Board lacks independence from CEO Elon Musk, potentially prioritizing Musk’s personal interests over those of the company’s shareholders. Warren’s letter referenced a recent court ruling in Delaware that found Musk exerted significant control over Tesla, leading to a controversial equity …