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What’s one more Tesla investigation among friends?
Massachusetts Senator Elizabeth Warren (D) would like the Securities and Exchange Commission to investigate Tesla over the lack of independence of its board of directors from Elon Musk, according to the Wall Street Journal. Tesla’s board, which includes Musk’s brother and a number of the billionaire’s friends, poses a potential conflict of interest, that could harm shareholders, Warren alleges. The SEC, which has investigated Tesla more times than I can remember, declined to comment on its response to Warren.
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