Fucking dick head:
Twitter CEO Elon Musk tweeted on Tuesday that the United States has “definitely” been harmed by having Sen. Elizabeth Warren (D-Mass.) serve in the Senate.
Musk made the comment in response to a tweet from former Tesla program manager Farzad Mesbahi, who is now a content creator, according to his LinkedIn profile. Mesbahi retweeted a post about a letter that Warren sent to the chairman of the board of Tesla, of which Musk is the majority shareholder, asking if shareholders have been hurt financially by Musk’s time running Twitter.
“Elizabeth Warren is the last person I would ever want anywhere close to Tesla,” Mesbahi posted.
Tesla stock has lost almost a third of its value since Musk completed his acquisition of Twitter at the end of October.
Warren wrote in her letter that she is concerned Tesla’s board has “failed to meet” its “legal duty” to ensure Musk is not treating the company as his “private plaything.” She also asked how the board is handling “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.”
Here’s some more context:
“As you know, it is the legal obligation of Tesla’s board to ensure that its C.E.O. is meeting all his legal responsibilities and serving as an effective leader,” Ms. Warren wrote in a letter to Robyn Denholm, Tesla’s chairwoman, on Sunday night. (Ms. Denholm did not respond to a request for comment.) While the chaos at Twitter isn’t Tesla’s concern, Ms. Warren raised the possibility that many of Mr. Musk’s actions may be shortchanging Tesla.
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Ms. Warren asked whether Mr. Musk’s diverting of resources from Tesla — including software engineers and senior executives — is harming the carmaker. In her letter, the senator also questioned whether Mr. Musk’s assertion that their being seconded to Twitter was purely voluntary, citing an anonymous employee who told CNBC, “most would also feel it was impossible to turn down a direct request from Mr. Musk without later facing poor performance reviews or other consequences.”
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Ms. Warren also suggested the possibility of Mr. Musk intentionally shortchanging either Twitter or Tesla to benefit the other, including Twitter potentially overcharging Tesla for ads or tweaking the social network’s algorithms to benefit the carmaker. She also asked the board whether content appearing on Twitter under Mr. Musk’s new content moderation, including a rise in misinformation and what the senator said was hate speech, could end up hurting Tesla’s reputation.
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Ms. Warren asked Tesla’s board a dozen questions about whether it was aware of the extent of the potential conflicts of interest and whether it had imposed guardrails to protect the carmaker and its shareholders. (That included asking if the board had gotten assurances that Musk wouldn’t tamper with Twitter’s algorithms to aid Tesla, to avoid antitrust violations.)
“The problems identified in this letter are not merely theoretical,” Warren wrote, noting that Tesla’s stock has fallen sharply this year and remains under pressure. That includes both the perception that Mr. Musk is distracted and his disclosure of billions of dollars worth of stock sales, with the prospect of more, which could be used to help out Twitter or meet margin requirements for loans he took out to buy the company.
And Warren isn’t alone in going after Musk:
James Murdoch, a Tesla director, testified in court last month that the company's audit committee discussed Musk's deployment of Tesla engineers at Twitter, saying this should not take away from their work at the car maker.
Denholm could not immediately be reached and Tesla did not respond to a request for comment. Musk did not immediately respond to Reuters' request for comment.
Musk himself has sold $40 billion in Tesla stock this year, further frustrating investors.
Musk himself has mulled leaving the top job at Twitter. On a Twitter poll from Musk on Sunday asking whether he should step down as Twitter CEO, 57.5% of 17.5 million people voted "yes." He had said on Sunday he would abide by the results of the poll. He did not provide details on when he would step down if results said he should.
Musk has said that there is no successor yet.
Some investors and analysts say Musk stepping down as Twitter boss doesn't remove concerns.
Gary Black, a Tesla investor, warned on Monday that things wouldn't improve until Twitter appointed a credible CEO and its finances recovered so that Musk didn't have to keep selling his Tesla shares to fund it.
Clowns like Musk are the reason why we need fighters like Warren in power.
She’s a bad ass who deserves our support for re-election in 2024. Click here to donate and get involved with Warren’s re-election campaign and her efforts to elect more Warren Democrats.