Elon Musk and Robin Denholm
Tim Rue | Bloomberg | Getty Images; Telstra
Sen. Elizabeth Warren, D-Mass., is asking Tesla Board of Directors (if CEO is investigated) Musk’s Leveraging company resources to benefit his other ventures, including SpaceX and xAI.
“Tesla’s board of directors appears to have failed in its fiduciary duty to Tesla shareholders and neglected to address CEO Musk’s apparent conflict of interest,” Warren wrote in a 10-page article. letter Tesla Chairman Robyn Denholm delivered a speech on Thursday. Musk also runs Neuralink and The Boring Co.
Warren, a member of the Senate Banking Committee and Armed Services Committee, has expressed similar concerns in the past, including making demands to the U.S. Securities and Exchange Commission investigation Musk and Tesla. She also sent consistent In late 2022, Musk sold billions of dollars’ worth of Tesla stock, in part to fund a leveraged buyout of Twitter, which he later renamed X and which Musk later sold to Denholm.
Musk has been critical of Warren for years. He has been calling her “Senator Karen” since at least 2021, and angry at her Calls for increasing taxes on the wealthy, closing tax loopholes for corporations and billionaires, and cracking down on corporations”greedy inflation“.
Among the concerns Warren listed in her letter were Musk’s Form an artificial intelligence startupxAI, outside Tesla, has threatened to work on robotics and technology if he doesn’t get a more senior role, even though the automaker bills itself as an artificial intelligence company. artificial intelligence work voting control At the automaker, he encouraged Tesla shareholders to approve a Invest US$5 billion Entering xAI from Tesla, his Redirect shipments expensive NVIDIA X artificial intelligence chip originally designed for Tesla.
Warren’s letter was sent two months later CNBC reports Letters from Nvidia employees also show that Musk moved a large number of artificial intelligence processors reserved for Tesla to X. It is said that because The board operates “like a territorial family company rather than a public company with strict rules and regulations”.
Warren has given Denholm and Tesla until August 23 to provide answers to questions about the board’s oversight of Musk and the “entanglements” between his businesses.
A spokesman for the senator’s office confirmed that Tesla and Denholm never responded to Warren’s previous letter. Tesla did not respond to a request for comment.
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