New York City Comptroller Brad Lander is seeking legal action against Tesla Inc., alleging CEO Elon Musk misrepresented his work schedule to investors. Lander claims Tesla made material misstatements, stating Musk spends significant time at the company despite holding a job with President Donald Trump’s Department of Government Efficiency, which aims to slash federal spending. As investment adviser to five city pension funds, Lander is pushing for transparency in corporate governance.
Source: https://www.bloomberg.com/news/articles/2025-04-01/musk-s-doge-work-is-hurting-shareholders-nyc-comptroller-says