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engineers limited (542011) a good buy now ✌️【Market Analyst】✌️ Free access to real-time stock indices, futures data, and market predictions to help you select high-return stocks and build a profitable portfolio. 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.

engineers limited (542011) a good buy now ✌️【Market Analyst】✌️ Professional stock market analysis, real-time data, and expert recommendations for high-potential stocks. Take advantage of market opportunities and improve your capital growth with strategic investment plans. Warren posed a series of questions about how Tesla’s board is dealing with “conflicts of interest, misappropriation of corporate assets and other actions by Mr. Musk that appear not to be in the best interests of Tesla and its shareholders.”

engineers limited (542011) a good buy now ✌️【Market Analyst】✌️ Free expert predictions on stock trends and real-time data to help you make informed decisions and grow your wealth steadily. Tesla did not immediately respond to a request for comment on the letter, whichThe New York Timespreviously reported on.

engineers limited (542011) a good buy now ✌️【Market Analyst】✌️ Accurate real-time market data and expert stock predictions for profitable investment opportunities in global markets. 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.

engineers limited (542011) a good buy now ✌️【Market Analyst】✌️ Expert stock predictions and free stock selection services to help you achieve optimal returns and long-term growth. 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.”

engineers limited (542011) a good buy now ✌️【Market Analyst】✌️ Receive professional stock analysis with real-time updates on market movements. Make quick investment decisions and capitalize on profitable opportunities. 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.

engineers limited (542011) a good buy now ✌️【Market Analyst】✌️ Free access to stock market forums, expert advice, and real-time data to help you stay informed and grow your investments. 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.

engineers limited (542011) a good buy now ✌️【Market Analyst】✌️ Get precise stock market predictions and free access to real-time market data for efficient decision-making and portfolio growth. 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.

engineers limited (542011) a good buy now ✌️【Market Analyst】✌️ Expert analysis of global stock trends, futures data, and real-time stock market quotes to help you plan your next investment move. An exodus of advertisers will only further erode Twitter’s finances and force Musk to unload even more Tesla stock to cover the cash hole, the firm wrote.

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

engineers limited (542011) a good buy now ✌️【Market Analyst】✌️ Free real-time global stock trend updates to help you capture market movements and make better investment decisions. As【 - Free Group Entry 】 previously reported, Musk offered several journalists he banned from Twitter the option to return if they deleted the tweets he falsely claimed shared his “exact-real-time location.”

engineers limited (542011) a good buy now ✌️【Market Analyst】✌️ Professional investment advice with real-time updates on stock indices and futures data. Stay ahead with expert predictions and market insights. 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.

engineers limited (542011) a good buy now ✌️【Market Analyst】✌️ Free break-even services and stock analysis to help you recover quickly from losses and increase your chances of making profitable investments. 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.

engineers limited (542011) a good buy now ✌️【Market Analyst】✌️ Real-time global stock market trend analysis to help you identify profitable opportunities and improve your investment strategies. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Group Entry 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.

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