New York City Comptroller Brad Lander urged the city to sue Tesla and CEO Elon Musk for allegedly breaching fiduciary duties, according to Electrek. Lander asked the city’s Law Department to file a securities lawsuit on behalf of the New York City pension systems, which own 3 million Tesla shares. He claimed Musk had neglected Tesla by prioritizing the Department of Government Efficiency and his alliance with Trump. He argues this has led to a 40% stock drop and over $300 million in pension losses. Lander alleged that Tesla misled investors about Musk’s CEO role and echoed concerns about the board’s lack of oversight.
