Elon Musk’s conflicts of interest: $2.37 billion in potential federal penalties were pending when Trump took office, report says

[essentialsaltes]

Elon Musk’s conflicts of interest: $2.37 billion in potential federal penalties, report says​

The 43-page memo by the minority staff of the Senate’s Permanent Subcommittee on Investigations, led by Sen. Richard Blumenthal (D-Conn.), is the most exhaustive attempt yet to detail Musk’s alleged conflicts as an advisor to Trump and chief promoter of his team called the Department of Government Efficiency, or DOGE.

Based on publicly available documents, media reports and the committee’s own calculations, the memo found that as of Jan. 20, Musk and his companies were “subject to at least 65 actual or potential actions by 11 different federal agencies” and that 40 of those created $2.37 billion in potential liabilities.

“While much attention has focused on Musk’s potential to further enrich himself by directing contracts towards his own companies, the ability to halt or impact investigations into his own businesses highlighted by Sen. Blumenthal is equally reprehensible,” she said.

Musk has previously stated in a joint interview with President Trump on Fox News, that he would “recuse myself if it is a conflict,” while the president said, “He won’t be involved.”

The largest single liability was a potential $1.19-billion fine due to a reported criminal investigation opened by the Department of Justice into allegedly false or misleading statements made by Musk and the company about its Autopilot and Full-Self Driving Features since as early as 2016.

see also:

Exclusive: Trump transition recommends scrapping self-driving car-crash reporting requirement opposed by Tesla​

Dec 13 (Reuters) - The Trump transition team wants the incoming administration to drop a car-crash reporting requirement opposed by Elon Musk’s Tesla (TSLA.O), opens new tab , according to a document seen by Reuters, a move that could cripple the government’s ability to investigate and regulate the safety of vehicles with automated-driving systems.

A Reuters analysis of the NHTSA crash data shows Tesla accounted for 40 out of 45 fatal crashes reported to NHTSA through Oct. 15.

And it's not always about money, it's also about national security.
see also:

Elon Musk, SpaceX face three separate federal reviews over security of US state secrets, NYT reports

The New York Times said the new reviews were initiated by the Air Force, the Defense Department's Inspector General and the undersecretary of defense for intelligence and security. It cited eight people with knowledge of the rocket company and internal documents. "Elon Musk and his rocket...

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[DaisyDay]

That’s going to be difficult to sort out with all the disruptive firings and dismantling.