Elon Musk could avoid over $2 billion in potential financial liabilities by using his influence in Washington, Senate Democratic staffers alleged in a memo released Monday, according to CNBC. The Senate's Permanent Subcommittee on Investigations reports that Musk used his role in the Department of Government Efficiency under Trump to evade oversight, stop investigations, and neutralize legal threats. On the day Trump took office, Musk’s companies faced at least 65 regulatory actions totaling $2.37 billion in potential liability, including $1.19 billion tied to Tesla’s autopilot claims. The White House rejected the allegations as “completely false and defamatory.”
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Elon Musk could avoid over $2 billion in potential financial liabilities by using his influence in
00:07Washington, Senate Democrat staffers alleged in a memo released Monday according to CNBC.
00:12The Senate's permanent subcommittee on investigation reports that Musk uses his role
00:17in the Department of Government efficiency under Trump to evade oversight, stop investigations,
00:21and neutralize legal threats. On the day Trump took office, Musk's companies faced at least
00:2665 regulatory actions totaling $2.37 billion in potential liability,
00:32including $1.19 billion tied to Tesla's Autopilot claims. The White House rejected
00:37these allegations as completely false and defamatory.
00:40For all things money, visit Benzinga.com slash GSTV.