Sen. Elizabeth Warren is asking the Securities and Exchange Commission to investigate Tesla's board of directors over its 'managing the apparent conflicts' of CEO Elon Musk.
Circle Squared Alternative Investments founder Jeff Sica discusses whether he is buying or selling Tesla stock ahead of the automakers crucial investor meeting on Varney & Co.and its board of directors for potentially violating securities laws over its handling of CEO Elon Musk's "apparent conflicts" since he purchased and became the chief executive of Twitter.
Sen. Elizabeth Warren is asking the SEC to investigate Tesla and its board for allegedly failing to rein in CEO Elon Musk. Warren said despite the fact that Linda Yaccarino has already replaced Musk as Twitter CEO, a media report indicates Musk is still "likely to retain ‘significant control'" of the social media platform, and therefore wants the SEC to investigate the matter.
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