- US Senator Elizabeth Warren accused Tesla board members of misappropriating assets and conflicts of interest.
- Warren urged the SEC to investigate the possible ties between Tesla and Musk’s takeover of Twitter.
- Though Musk has been influential in the crypto space after purchasing Twitter, as per Warren’s letter, his actions have created uncertainty within the community.
United States Senator Elizabeth Warren has recently requested the Securities and Exchange Commission (SEC) to probe into the possible ties between Elon Musk’s Tesla and his takeover of the social media platform Twitter. She questioned the Tesla board’s compliance with the US regulators pointing out its lethargy to address the investors’ concerns.
Earlier today, a crypto analytics platform, took to Twitter to share a screenshot of Warren’s letter to the regulators, pointing out the allegations against Tesla’s board members. As per the tweet, the Senator has alleged Tesla’s board of “misappropriating assets and conflicts of interest.”-
The Senator stated that the board members are apparently dependent on Musk, and their inactivity has created uncertainty among the community…
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The post US Senator Questions Tesla Board’s Compliance with Securities Law appeared first on Coin Edition.