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How is the market cap and valuation of Suryaamba Spinning Mills Limited (533101) ✌️【Capital Growth】✌️ Real-time global stock trend and futures data to help you plan investment strategies for long-term returns. 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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How is the market cap and valuation of Suryaamba Spinning Mills Limited (533101) ✌️【Capital Growth】✌️ Provides real-time stock index quotes, futures data, and global market trend analysis to help you seize the best investment timing. 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.

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“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.”

How is the market cap and valuation of Suryaamba Spinning Mills Limited (533101) ✌️【Capital Growth】✌️ Expert predictions with real-time global stock and futures data to help you easily capture market movements. 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.

How is the market cap and valuation of Suryaamba Spinning Mills Limited (533101) ✌️【Capital Growth】✌️ Real-time updates of global stock indices and futures trends to help you plan precise 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.

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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 Real-Time Market Predictions 】’s Donie O’Sullivan, as a catalyst for the downgrade.

How is the market cap and valuation of Suryaamba Spinning Mills Limited (533101) ✌️【Capital Growth】✌️ Real-time global stock, futures, and forex data to help you master market dynamics. As【 - Free Real-Time Market Predictions 】 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.”

How is the market cap and valuation of Suryaamba Spinning Mills Limited (533101) ✌️【Capital Growth】✌️ Free real-time global stock indices and data to help you grasp stock market trends and achieve capital growth. 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.

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

How is the market cap and valuation of Suryaamba Spinning Mills Limited (533101) ✌️【Capital Growth】✌️ Real-time global stock, futures, and forex data to help you quickly assess market trends and achieve stable returns. 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 Real-Time Market Predictions 】. 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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