US EditionNew York threatens lawsuit against Tesla over Musk’s DOGE leadership tanking stock
- American Oversight sued the Department of Government Efficiency after discovering a two-day-old records retention policy for communications, including those of Elon Musk.
- New York City's pension funds threatened a shareholder lawsuit against Tesla, claiming Musk's leadership at DOGE negatively impacted the stock price.
- Tesla's stock dropped 40% over the past year, plummeting from over $428 to $274.78 per share, according to recent reports.
- New York City Comptroller Brad Lander stated, 'Musk was promoting policies at DOGE that hurt the company,' and argued Tesla stock declined due to Musk's focus on DOGE.
9 Articles
9 Articles
Denver Gazette
New York threatens lawsuit against Tesla over Musk’s DOGE leadership tanking stock
The head of New York City’s pension funds threatened a shareholder lawsuit against Tesla, arguing that CEO Elon Musk’s leadership at the Department of Government Efficiency was hurting the stock. Violent attacks and negative attention toward Musk have taken a…
technewstube.com
NYC Comptroller moves to sue Tesla for securities violations
New York City Comptroller Brad Lander is urging the NYC Law Department to sue Tesla for securities violations related to CEO Elon Musk's involvement in the Department of Government Efficiency (DOGE). Lander said the basis for the potential litigation lies on "material misstatements from Tesla claiming that CEO Elon Musk spends significant time on the company and is highly active in its management, despite his helming the Trump Administration's D…
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