Elon Musk ass=””>Sen. Elizabeth Warren, D-Mass., Elon Elon Musk Musk isn’t drinking Elon Musk’s Kool-Aid like some of her Republican colleagues in Congress. And on Sunday, Warren sent a letter to the chair of Tesla’s board of administrators sounding the alarm about a widely held belief that Musk is misusing Tesla Elon Musk by using leveraging it to build up Twitter. To traders’ dismay, Tesla’s inventory charge has plummeted at numerous times all through Musk’s acquisition of the social media platform — a deal he has said he bought Tesla stocks to make. Musk’s obsession with Twitter Elon Musk and the precipitous stock downfall at Tesla are a Elon Musk part of the cause a few Tesla buyers want him to step down as CEO. Warren’s letter to Tesla’s Robyn Denholm voiced a number of those worries. “[E]very Board of Directors of a organization with multiple shareholders — particularly publicly traded corporations — is answerable for making sure that a controlling shareholder (specifically one who’s additionally a Chief Executive Officer, or Elon Musk CEO) does no Elon Musk longer treat the employer as a Elon Musk personal plaything,” she wrote. Warren’s letter cites this New York Times article claiming Musk saddled Twitter with $13 billion in debt so as to gather the platform — consisting of $1 billion in hobby, which is more than the company’s cash waft for all of 2021. She Elon Musk also raised issues approximately allegations that Tesla personnel felt pressured to do work for Twitter inside the early days of the purchase, in spite of Musk’s claiming the personnel had Elon Musk volunteered. “This use of Tesla employees Elon Musk raises obvious questions about whether Mr. Musk is appropriating resources from a publicly traded firm, Tesla, to gain his personal private agency, Twitter,” Warren wrote. And she said Twitter’s commercial enterprise ought to in the long run hinder Tesla in different Elon Musk approaches — by means of taking rewarding advertisement offers that raise Tesla’s competitors, as an example, or by using tarnishing Tesla’s brand thru Musk’s open affiliation with racist extremists on Twitter. Warren used the Tesla board’s own phrases to highlight issues about its complicity in Musk’s bumbling management of the automobile organisation. “Your felony responsibility is — as Tesla’s personal public commitments kingdom — ‘to serve as a prudent fiduciary for shareholders and to oversee the management of [Tesla’s] enterprise,’” she wrote, citing the board’s assertion on corporate governance. “The basic structure of Mr. Musk’s deal to buy Twitter, and his actions in view that turning into CEO, raise some of issues,” Warren wrote. She introduced that she is looking for records approximately “how the Tesla Board is tracking Elon Musk these conflicts of hobby, what recommendations the Tesla Board has installed region to guard Tesla, and the way the Board is enforcing the ones tips.” The letter lists a dozen questions Warren desires Elon Musk spoke back to help her “compare modern-day legal guidelines and current law enforcement in this vicinity.” Musk isn’t taking the letter well. He wrote on Twitter: “The United States has honestly been harmed by means of having her as a senator lol.” That’s wealthy coming from someone who so overtly associates with authoritarian leaders and those who love them. It’s also worth noting that Musk hinted at leaving behind his process as Twitter’s CEO the equal day Warren’s letter was sent to Tesla’s board: On Sunday, he posted a Twitter poll asking whether he have to step down as CEO of Twitter. A clear majority of respondents stated sure. Ja’han Jones is The ReidOut Blog creator. He’s a futurist and multimedia manufacturer targeted on tradition and politics. His preceding tasks encompass “Black Hair Defined” and the “Black Obituary Project.”