QUORUMCALL//GPT:
Sen. Elizabeth Warren is calling for an investigation into Tesla CEO Elon Musk and the company’s board over allegations of insider trading. This comes after Musk’s brother, Kimbal, sold off $108 million worth of Tesla shares just a day before the company’s stock plummeted.
THE MUSK-WARREN FEUD
• Warren has long criticized Musk for his financial practices and accused him of not paying his fair share of taxes.
• This recent push for an investigation was sparked by a report that Kimbal Musk sold his shares a day before a Twitter poll by Elon Musk asking if he should sell 10% of his own shares.
ECHOES OF PREVIOUS CONCERNS
• The Securities and Exchange Commission (SEC) has already been keeping a close eye on Musk for potentially misleading investors.
• Some see Warren’s push as a continuation of her broader campaign against billionaires and their influence on the economy.
TOPICS COVERED
#SEC #InsiderTrading #FinancialRegulation
NOTE
This article is from Forbes, a global media company that focuses on business, investing, technology, entrepreneurship, leadership, and lifestyle.
