Warren wrote that Musk's actions as the new Twitter CEO have raised questions about possible violations of securities or other laws.
Noting billionaire Elon Musk's actions as the new Tweet chief, Massachusetts Democratic Senator Elizabeth Warren sent a letter to the Tesla Inc board on Monday, asking whether Chief Executive Officer Musk is meeting his legal obligations to the company and its There are, according to Bloomberg News.
In the letter, Warren wrote that Musk's actions as the new Twitter CEO raised questions about possible violations of securities or other laws.
"Despite widespread concerns about Mr. Musk's acquisition of Twitter while serving as Tesla's CEO, it remains unclear whether the Tesla board -- which has significant decision-making authority within the company -- adequately controls the company." is doing or if it has established clear rules and policies to address the risks to Tesla arising from Mr. Musk's dual roles," the letter read.
Bloomberg reported that Warren's letter also raised concerns about whether there is a conflict of interest between his roles at Tesla and Twitter, particularly because Tesla competitors such as Audi AG advertise on Twitter's platform.
Most recently, Musk has also pulled in Tesla engineers to help Twitter as he bought the microblogging outlet earlier this year for $44 billion.
Musk later tweeted that having Warren as a senator definitely hurts America. Earlier, The New York Times reported on Warren's letter to the Tesla board.
Meanwhile, the billionaire has also sold Tesla shares worth $40 billion in the last one year, according to a Reuters report.
Shares of Tesla, the world's most valuable carmaker, are among the worst performers among major automakers and tech companies this year, as investors worry that Musk's Twitter purchase could take away his time from Tesla .
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