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Over 1,700 Tesla investors are responding to Elizabeth Warren’s call for Musk investigation

Credit: Andrea Conway/X

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Over 1,700 Tesla shareholders are responding to Massachusetts Senator Elizabeth Warren, who recently wrote a letter to Tesla Board Chair Robyn Denholm asking the EV maker’s Board of Directors to investigate CEO Elon Musk’s alleged conflicts of interest. As per the Tesla shareholders, the US Senator’s efforts are better directed towards matters that directly relate to her home state. 

US Senator Warren’s letter to the Tesla Board of Directors was made public last week. The official outlined several concerns in her letter, such as Musk’s alleged diversion of Tesla’s resources to xAI, his alleged conflicts of interest, and the alleged neglect of corporate governance duties from the Tesla Board of Directors. Warren also argued that Tesla shareholders have “suffered” from a lack of oversight at the EV maker. 

In their response, the TSLA shareholders noted that they are concerned about the US official’s focus on Tesla, especially since the EV maker is not domiciled in Massachusetts. The stockholders, who number over 1,700 as of a recent update, also addressed some of the US Senator’s concerns in her letter. 

Following is the Tesla stockholders’ letter to US Senator Warren. 

Dear Senator Warren,

We, the undersigned Tesla shareholders, are writing in response to your letter dated August 8, 2024, addressed to Dr. Robyn Denholm, Chair of the Board of Tesla. We must express our deep concern and disappointment regarding your unwarranted interference in Tesla’s affairs.

First and foremost, we question the basis of your involvement in this matter. Tesla is not domiciled in your state, and to our knowledge, you are not a shareholder. Your attempt to exert influence over a company in which you have no direct stake is, frankly, perplexing and concerning. 

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We cannot help but view your actions as politically motivated, particularly given the timing of your letter during a Presidential election period. This appears to be an attempt to generate political pressure rather than a genuine effort to address shareholder concerns. 

Your letter conspicuously fails to acknowledge Tesla’s significant contributions to the American economy, the global shift to EVs and to a sustainable future. As the most American car maker, Tesla has created tens of thousands of jobs across the country. Moreover, Elon Musk’s other ventures have further bolstered American innovation and employment. Your silence on these crucial points is telling.

Addressing Your Specific Points:

1. Diversion of Al Resources: The allocation of resources across Musk’s companies often leads to synergies that benefit Testa. This is a matter for the Board and shareholders to address, not external politicians.

2. Founding of xAI: The potential for collaboration between XAl and Tesla could drive innovation in ways that ultimately benefit our company and shareholders.

3. Conflicts of Interest: The Board is well aware of its fiduciary duties and is capable of managing potential conflicts without external political pressure.

4. Board’s Oversight: We have confidence in our Board’s ability to provide appropriate oversight. Your assertions of failure are both premature and presumptuous.

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5. Shareholder Concerns: While some concerns exist, many shareholders continue to support Mr. Musk’s vision and leadership. We prefer to address these matters internally, without political interference.

6. Your Questions: While your questions are noted, we believe they should be addressed to the Board by legitimate stakeholders, not by politicians seeking to make headlines.

Senator Warren, while we respect your role as a public servant, we strongly believe your energies would be better directed towards matters that fall within your purview as a Senator from Massachusetts.

Testa’s corporate governance is a matter for its Board, its shareholders, and the appropriate regulatory bodies.

We kindly request that you refrain from further interference in Tesla’s affairs. Instead, we suggest focusing on creating an environment that fosters innovation and job creation – areas where Tesla and Elon Musk’s other ventures have demonstrably excelled.

We stand firmly behind Testa’s mission and leadership, and we will continue to work constructively with the Board to ensure the company’s ongoing success and adherence to proper governance standards.

Sincerely,

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Tesla Shareholders

This is not the first time that Tesla or Musk has found itself in the crosshairs of the US Senator. Back in December 2021, Warren called for changes in the US tax code so that Elon Musk would stop “freeloading off everyone else.” In December 2022, Warren sent a letter to Tesla’s Board of Directors asking them if Elon Musk has been diverting the EV maker’s resources to Twitter. In July 2023, Warren also sent a letter encouraging the SEC to investigate Tesla and its Board of Directors, citing potential “conflicts of interest, misappropriation of corporate assets, and other negative impacts to Tesla shareholders” related to Elon Musk’s acquisition of social media platform Twitter. 

Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.

Simon is an experienced automotive reporter with a passion for electric cars and clean energy. Fascinated by the world envisioned by Elon Musk, he hopes to make it to Mars (at least as a tourist) someday. For stories or tips--or even to just say a simple hello--send a message to his email, simon@teslarati.com or his handle on X, @ResidentSponge.

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SpaceX just launched a secret payload from California

SpaceX launched a classified Space Force mission from Vandenberg, revealing almost nothing about its payload.

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Space Force officials say the Falcon 9 booster pictured here in SpaceX's rocket factory will have to wait a few months longer for its launch debut. (SpaceX)

SpaceX launched a classified Falcon 9 mission for the U.S. Space Force from Vandenberg Space Force Base on Saturday night, and the government released almost nothing about what was on board. The mission, designated USSF-366, lifted off from Space Launch Complex 4E with a window that opened at 9:52 p.m. ET and ran into the early hours of Sunday, according to SpaceX’s own mission page, which described the payload only as classified. SpaceX confirmed the launch on its X account and pointed viewers to a livestream that began roughly ten minutes before liftoff.


The lack of detail did not stop analysts from filling in the blanks. Independent tracking of the rocket’s stage drop zones matched the pattern SpaceX has used on previous Starlink Group 15 missions, according to reporting from Outer Space Today, which pointed to Starshield as the likely payload rather than a one off government satellite. Starshield is SpaceX’s national security product, a version of the Starlink satellite bus built to Pentagon specifications for earth observation, communications and hosted payloads. Unlike consumer Starlink, government agencies do not have to disclose what Starshield satellites are actually doing once they reach orbit.

USSF-366 is the latest entry in a steady flow of classified and semi classified work between SpaceX and the Space Force. The company picked up a $178.5 million task order in April to launch missile tracking satellites for the Space Development Agency, as Teslarati reported at the time, and followed that in July with a $1.6 billion award covering 18 more Falcon 9 missions from Vandenberg through the end of 2027, also detailed by Teslarati. Add those contracts up and SpaceX’s Pentagon business for 2026 alone tops $8 billion.

SpaceX scores another massive Pentagon deal to support military satellites

The Falcon 9 that flew Saturday landed back near the launch site, producing the sonic booms that have become routine for residents near Vandenberg. What is less routine is how little the public will likely ever learn about what the rocket carried. SpaceX and the Space Force have not confirmed the Starshield connection, and government satellite programs built on commercial buses rarely get identified beyond a mission number and a general orbit. For a company that live streams almost everything else it does, from Starship test flights to Optimus robot demos, USSF-366 is a reminder that some of SpaceX’s busiest work now happens entirely out of public view.

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Tesla V2L adapter for Model Y stirs up a new complaint among owners

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Credit: Tesla

On Friday, Tesla launched the Outlet Adapter that enabled Vehicle-to-Load (V2L) energy transfer, meaning owners could essentially utilize their cars as a power source for things like laptops, electric grills, or string lights.

However, even owners of some of the newest builds of the Model Y are finding out that their cars are not compatible with the new $80 accessory, stirring up a new complaint among members of the community.

Tesla launches V2L Outlet Adapter for Premium Model Y in the U.S.

Upon the release of the Outlet Adapter on Friday, I signed into my Tesla account to order the accessory. However, I was met with the dreaded “This product is not compatible with your 2026 Model Y” message at the bottom of the screen.

Some said their accounts also displayed the same message, but they ordered anyway. However, they might be surprised to find that this is no mistake; some of the newest Model Ys do not have the appropriate Power Conversion System (PCS). Mine, which was ordered on this day last year and delivered on August 31, has the old 48A, single-phase PCS.

Vehicles with the new, two-piece PCS are able to utilize V2L features on their cars:

Obviously, it’s disappointing. Many owners have taken delivery this year and still can not utilize the Outlet Adapter because their cars feature the old PCS:

It looks like if you have one of these older PCS units, you can upgrade, but the parts alone are $1,750, and that’s before Tesla adds labor for installing. It is honestly more logical to get some kind of portable power supply or power station at that point.

It is great that Tesla has enabled V2L for Model Y vehicles, but it is also unfortunate that vehicles that are less than one year old are not able to take advantage of this awesome new feature.

With that being said, it truly is a first-world problem; can you really complain when Full Self-Driving is available, maintenance is incredibly inexpensive, and the car has been so good through a year of ownership?

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Tesla launches V2L Outlet Adapter for Premium Model Y in the U.S.

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Credit: Tesla

Tesla has launched a new Vehicle-to-Load (V2L) Outlet Adapter for Premium Model Y vehicles in the United States, meaning you can now power devices like laptops or light strings with your vehicle’s battery.

It appears the capability will be available for any Model Y Premium trim, including those that were purchased prior to the Adapter being launched. It will also only impact Juniper Model Y vehicles, so the first-gen owners will unfortunately not have access to this capability.

If your Model Y was purchased before Tesla renamed the trim levels to “Premium” and “Standard,” it does not seem to be compatible. My Model Y is technically a Premium build, as it is the Long Range All-Wheel-Drive. However, Tesla says it is not compatible with my vehicle.

For $80, you can now utilize your car as a portable charger for small appliances or devices. This is perfect for things like tailgates, concerts, or camping, as you can now plug in devices that you might use. Those string lights for camping? That laptop for the other games that are on at the tailgate?

They’ll both utilize energy from your Tesla’s battery to be powered. This is the first time Tesla has expanded the capability to vehicles outside of the Model Y Performance and Cybertruck. However, this feature has been highly requested by owners for an extended period of time.

Tesla launched the Outlet Adapter in China last year:

Tesla China rolls out Model Y L V2L adapter, and it’s free for early owners

You will need the Mobile Connector to operate the Outlet Adapter: the Outlet Adapter will plug into the main housing of the Mobile Connector, where the appropriate adapter to charge your vehicle will plug in.

It is rated for 120 volts and 20 amps, and has a max power rating of 2.4kW.

You can buy it here from Tesla for $80.

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