Teslas board faces questions from Elizabeth Warren about Musks corporate entanglements
Summary
Sen. Elizabeth Warren, D-Mass., is asking the Tesla board if its looked into CEO Elon Musks use of company resources to benefit his other ventures, including SpaceX and xAI. Musk also operates Neuralink and The Boring Co. Warren sits on both the Senates banking and armed services committees, and has expressed similar concerns in the past, including requests to the SEC to investigate Musk and Tesla. Warrens letter comes two months after CNBC reported that correspondence from Nvidia staffers also indicated that Musk diverted a sizable shipment of AI processors that had been reserved for Tesla to X. Warren is also asking about xAIs poaching employees from Tesla, and the departure of a director from Tesla reportedly because the board operated "like a family company with fiefdoms, rather than a public company with stringent rules and regulations." Warren has asked Denholm and Tesla to provide answers to the questions concerning the boards oversight of Musk and the "entanglements" between his various businesses by August 23. A spokesperson for the senators office confirmed that Tesla and Denholm have never answered Warrens previous letters.