{"id":12500,"date":"2024-03-22T09:52:48","date_gmt":"2024-03-22T04:22:48","guid":{"rendered":"https:\/\/bigbreakingwire.in\/senator-warren-urges-sec-to-investigate-teslas-board-independence\/"},"modified":"2024-03-22T09:52:48","modified_gmt":"2024-03-22T04:22:48","slug":"senator-warren-urges-sec-to-investigate-teslas-board-independence","status":"publish","type":"post","link":"https:\/\/bigbreakingwire.in\/senator-warren-urges-sec-to-investigate-teslas-board-independence\/","title":{"rendered":"Senator Warren Urges SEC to Investigate Tesla&#8217;s Board Independence"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>\n<p>Senator Elizabeth Warren from Massachusetts has purportedly called on the Securities and Exchange Commission to conduct an investigation into Tesla Inc.&#8217;s activities.<\/p>\n\n\n\n<p>Warren penned a letter to the SEC, raising worries regarding the board&#8217;s autonomy from CEO Elon Musk. She suspects Musk might be leveraging his authority for personal advantage rather than prioritizing Tesla&#8217;s shareholders&#8217; interests. The Wall Street Journal disclosed this, noting it&#8217;s not the first instance of Warren expressing these concerns; she had previously reached out to the SEC about this matter last summer.<\/p>\n\n\n\n<p>In her recent letter, Warren voiced apprehensions about possible conflicts of interest arising from the relationship between Tesla and Musk&#8217;s private ventures, such as the social media platform X. She also raised doubts about Tesla&#8217;s recent choice to advertise on the platform. &#8220;Despite the escalating concerns surrounding Mr. Musk&#8217;s dual roles at Tesla and his private enterprises, the Board seems to have made no efforts to mitigate these risks or safeguard its shareholders,&#8221; Warren stated, according to the report.<\/p>\n\n\n\n<p>The NASDAQ stock exchange mandates that a majority of board members must have independence. If the SEC determines that a company misled investors regarding the board&#8217;s independence, it has the authority to intervene.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-bigbreakingwire wp-block-embed-bigbreakingwire\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"c1uCjPM8bM\"><a href=\"https:\/\/bigbreakingwire.in\/teslas-european-market-surge-33-1-y-y-growth-ytd-and-15-2-yoy-increase-in-february\/\">Tesla&#8217;s European Market Surge: +33.1% Y\/Y Growth YTD and +15.2% YoY Increase in February<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Tesla&#8217;s European Market Surge: +33.1% Y\/Y Growth YTD and +15.2% YoY Increase in February&#8221; &#8212; BigBreakingWire\" src=\"https:\/\/bigbreakingwire.in\/teslas-european-market-surge-33-1-y-y-growth-ytd-and-15-2-yoy-increase-in-february\/embed\/#?secret=PokJguxFZx#?secret=c1uCjPM8bM\" data-secret=\"c1uCjPM8bM\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-bigbreakingwire wp-block-embed-bigbreakingwire\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"6aGvTYFvx2\"><a href=\"https:\/\/bigbreakingwire.in\/tesla-announces-1000-price-hike-for-model-y-in-the-us\/\">Tesla Announces $1,000 Price Hike for Model Y in the US<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Tesla Announces $1,000 Price Hike for Model Y in the US&#8221; &#8212; BigBreakingWire\" src=\"https:\/\/bigbreakingwire.in\/tesla-announces-1000-price-hike-for-model-y-in-the-us\/embed\/#?secret=v8V2NGQyHo#?secret=6aGvTYFvx2\" data-secret=\"6aGvTYFvx2\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Senator Elizabeth Warren from Massachusetts has purportedly called on the Securities and Exchange Commission to conduct an investigation into Tesla Inc.&#8217;s activities. Warren penned a&#8230;<\/p>\n","protected":false},"author":1,"featured_media":12499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[65,618,31,619],"tags":[2725,2726,1036,1035,1149,2545,2724,1968,112],"class_list":["post-12500","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bigbreakingnow","category-brokerage-reports","category-business","category-stocks-in-news","tag-board-independence","tag-conflicts-of-interest","tag-corporate-governance","tag-elon-musk","tag-investigation","tag-sec","tag-senator-warren","tag-shareholders","tag-tesla","entry","rows"],"jetpack_publicize_connections":[],"modified_by":null,"jetpack_featured_media_url":"https:\/\/bigbreakingwire.in\/wp-content\/uploads\/2024\/03\/Tesla_logo.png","jetpack_shortlink":"https:\/\/wp.me\/pfgCxS-3fC","jetpack_sharing_enabled":true,"jetpack_likes_enabled":false,"_links":{"self":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/12500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/comments?post=12500"}],"version-history":[{"count":0,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/12500\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media\/12499"}],"wp:attachment":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media?parent=12500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/categories?post=12500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/tags?post=12500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}