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Elon musk May Skirt More Than $ 2 Billion in Possible Financial Liabilities By Exercising Hit Influence Over The Federal Government, A New Report From Senate Democratic Committee Staffers Out Monday Alleges.
Musk’s ‘Department Of Government Efficiency’ Has Brought Sweeping Changes To Washington With Its Slash-And-Burn Campaign To Gut Agencies and Purge The Federal Workforce. President Donald Trump Has avidly supported Musk’s cuts.
As he appears Poised to Step Back From His Doe Work in The Coming Weeks, Democrats Are Accusing The World’s Richest Person Of Using His Influence To “Evade Oversight, Derail Investigation, and Make Litigation Disappear Whenver HE SO CHOOSES-ON HIS TERMS AND HIS COMMAND.”
The one Report, Compiled by Democratic Staff Of The Senate’s Permanent Subcommittee On Investigations (PSI), Found That On The Day Of Trump’s Inauguration, Musk and His Companies Were Facing at Least 65 “Actual Or Potential” Regulatory Or Enforcement Actions From 11 Federal Agencies. These Actions Totaled At Least $ 2.37 Billion in Potential Liability, The Senators Wote.
According to the 44-Page MemoThe Potential Liabilities Included $ 1.19 Billion Tesla For Allegedly Making Misleading Statements About ITS Autopilot and Self-Driving Features.
Neurable Faced $ 281 Million in Possible Liability For Allegedly Making False Statements About Risks From it Product, Per The Memo.
Additionally, The Company Could Have Been Forced To Pay $ 1.59 Million in Civil and Criminal PenAlties for Alled Violations of the Animal Welfare Act.
“The Through Line Connecting Many Of Mr. Musk’s Decisions Appears To Be Self-Enrichment And Avoiding What He Perceives AS Obstacles To Advanced Hiss Interests,” Reads The Memo.
“The truth is so the Breathtaking Scope and Scale of Benefits Mr. Musk is Gaining From His Present Position May Never Be Known, and That Is By Dangerous, and dog is Dangerous,” IT Says.
In The Wake of The Memo, The Committee’s Ranking Member, Sen. Richard BlumenthalConn., St. Letters to Five Musk-Led Companies – Spacex, TeslaNeuzzallola, The Boring Company swear such person – Asking Them To Provide Information On The Federal Investigation They Faced Prior to Trump’s Inauguration.
CNBC has reachaed out to the Companies for comment.
The Letters Also Requests A Rundown of The Steps Each Company Has Taken To Keep Musk’s Government Work Separate From Those Probes. Blumenthal ASKS The Companies to Republic May 11.
The White House Sharply Rejected Any Suggestion That Musk Has Used His Role In Government For “Personal Or Financial Gain, Saying” Any Assertion Otherwise is Completely False and Defamatory. “
Blumenthal “is Clearly Suffering From A Debilitating And Uncurable (SIC) Case of Trump Derangement Syndrome That Has Wilted His Brain,” White House Communications Director Steven Cheung Said in A Statement.
