New York City Comptroller Brad Lander has asked the city, which is a major Tesla shareholder, to sue Tesla and CEO Elon Musk over alleged breaches of fiduciary duties. Lander asked the New York City Law Department to pursue securities litigation against Tesla on behalf of the New York City pension systems, which owns 3 million shares in Tesla.
Brad Lander, the comptroller, said Elon Musk’s actions on behalf of the Trump administration had hurt Tesla’s stock price.
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Top Speed on MSNTesla's Direct Sales Model Under Threat In New YorkNew York legislators are targeting Tesla with new laws that could revoke Tesla's direct sales permits and threaten government contracts.
An Upstate New York lawmaker is proposing legislation that would end Tesla's in-person sales operations in New York. Demonstrators are arrested by NYPD officers during a protest against Elon Musk and Tesla outside a Tesla showroom, Saturday, March 1, 2025 in New York. (Adam Gray | AP Photo) Adam Gray | AP Photo
City Comptroller Brad Lander is pushing for the city to file a shareholder lawsuit against Tesla, alleging the automaker misstated how much CEO Elon Musk’s work for the Trump administration has pulled him away from the company.
New York legislators scrutinize Tesla's factory performance and consider laws impacting its sales and state contracts.
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A draft of the state’s new Tesla contract would extend the lease for Elon Musk’s electric carmaker by another five years.
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Democrat Alexandria Ocasio-Cortez refused to answer whether Democrats' inflammatory rhetoric against Elon Musk is linked to attacks against Tesla owners and dealers.