New York City Comptroller Brad Lander is urging the NYC Law Department to sue Tesla for securities violations related to CEO Elon Musk’s involvement in the Department of Government Efficiency (DOGE).

 

Lander said the basis for the potential litigation lies on “material misstatements from Tesla claiming that CEO Elon Musk spends significant time on the company and is highly active in its management, despite his helming the Trump Administration’s DOGE initiative.”

?? NEWS: New York City Comptroller Brad Lander wants to sue Tesla by claiming CEO Elon Musk's role as the head of DOGE is hurting the stock.

Lander said that Musk was "effectively quitting his job at Tesla" by assuming the role with DOGE. pic.twitter.com/p9eMq9mMbr

— TESLARATI (@Teslarati) April 1, 2025