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advanced enzyme technologies limited (540025) signs major deal ✌️【Stock Trading】✌️ Professional investment advice with real-time updates on stock indices and futures data. Stay ahead with expert predictions and market insights. Senator Elizabeth Warren is raising concerns about conflicts of interest and potential legal violations for Tesla following Elon Musk’s takeover of Twitter.

In a letter to Tesla(TSLA)Chair Robyn Denholm, the Massachusetts Democrat argued Tesla(TSLA)shareholders may be hurt by its CEO’s ownership of Twitter and questioned whether the electric car maker’s board is doing enough to address the issues it poses.

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advanced enzyme technologies limited (540025) signs major deal ✌️【Stock Trading】✌️ Real-time stock and futures data, backed by expert stock market trend predictions, to help you make timely and profitable investment decisions. SinceMusk disclosedin early April that he had taken a major stake in Twitter, the Tesla’s shares have plunged by about 58%, a selloff that has erased nearly $800 billion of market value. Musk, who recently lost his status as the world’s richest person, has repeatedly unloaded Tesla shares in recent months, includinganother $3.6 billionworth earlier this month.

“Mr. Musk’s acquisition created unavoidable conflicts of interest,” Warren wrote in the letter dated Sunday.

advanced enzyme technologies limited (540025) signs major deal ✌️【Stock Trading】✌️ AI-driven stock trend forecasting with free access to real-time market data, offering personalized investment advice and expert predictions. Warren, who has clashed with Musk in the past, specifically called out the fact that that Twitter relies on advertising revenue from General Motors, Ford, Chevrolet and other direct rivals of Tesla.

“As the owner of Twitter, Mr. Musk may decide to run the company to maximize badly-needed revenue, even if that includes great deals for Tesla’s competitors and potential injury to Tesla,” Warren wrote. “Or, perhaps the opposite will occur. As part of his fiduciary duty to Tesla, Mr. Musk may run Twitter to benefit Tesla: for example, he could subtly shift Twitter algorithms so that praise of Tesla products receive greater attention and criticism of Tesla products will be suppressed.”

advanced enzyme technologies limited (540025) signs major deal ✌️【Stock Trading】✌️ Real-time stock market data, precise predictions, and investment strategies to help you optimize your portfolio and achieve financial success. Warren highlighted questions about potential violations of securities or other laws caused by Musk reportedly pulling key Tesla software engineers and other employees into Twitter.

“This use of Tesla employees raises obvious questions about whether Mr. Musk is appropriating resources from a publicly traded firm, Tesla, to benefit his own private company, Twitter,” Warren said, noting it would violate Musk’s legal duty of loyalty to Twitter and may run afoul of “anti-tunneling” rules that are designed to prevent insiders from extracting resources form their firms.

advanced enzyme technologies limited (540025) signs major deal ✌️【Stock Trading】✌️ Free expert predictions on stock trends and real-time data to help you make informed decisions and grow your wealth steadily. Noting Tesla’s board has legal obligations it must fulfill, Warren asked the board to respond to a series of questions about its handling of the situation by January 3.

advanced enzyme technologies limited (540025) signs major deal ✌️【Stock Trading】✌️ Accurate real-time market data and expert stock predictions for profitable investment opportunities in global markets. Meanwhile, Musk’s management of Twitter, including the banning of multiple journalists, has “severely damaged” market sentiment around Tesla, and risks sparking a backlash from advertisers and consumers, a Wall Street analyst warned on Monday.

Oppenheimer & Co. downgraded its rating on Tesla, where Musk is the CEO, solely because of risks posed by the billionaire’sownership and management of Twitter.

“We believe Mr. Musk is increasingly isolated as the steward of Twitter’s finances with his user management on the platform. We see potential for a negative feedback loop from departure of Twitter advertisers and users,” Oppenheimer analyst Colin Rusch wrote to clients.

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Oppenheimer specifically cited Twitter’s decision last week toban several journalists, including 【 - Free Stock Market Forecasting Tools 】’s Donie O’Sullivan, as a catalyst for the downgrade.

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advanced enzyme technologies limited (540025) signs major deal ✌️【Stock Trading】✌️ Free access to stock market forums, expert advice, and real-time data to help you stay informed and grow your investments. Rusch, the Oppenheimer analyst, said the “inconsistent standards application” for Twitter users has helped create a “broad public backlash” against Musk that will in turn hurt Tesla.

“We believe banning journalists without consistent defensible standards or clear communication in an environment where many people believe free speech is at risk is too much for a majority of consumers to continue supporting Mr. Musk/TSLA, particularly people ideologically aligned with climate change mitigation,” Rusch wrote.

advanced enzyme technologies limited (540025) signs major deal ✌️【Stock Trading】✌️ Get precise stock market predictions and free access to real-time market data for efficient decision-making and portfolio growth. Ross Gerber, a shareholder in both Twitter and Tesla, said over the weekend that he hopes Musk finds a CEO for Twitter during the first quarter of 2023.

“I think it is in the best interest for Tesla shareholders for Elon to be back at Tesla working full time,” Gerber said onTwitter.

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