The New York auditor claims that Musk harmed TSL shareholders, resulting in over $300 million in losses for the New York pension fund.

New York City Comptroller Brad Rand, an investment adviser to five pension funds in the city, accused Tesla (TSLA.O) of misrepresenting CEO Elmusk’s management of the company. Rand said Tesla made material misrepresentations to shareholders that Musk had invested a lot of time in the company, even though he was the head of President Trump’s Department of Government Efficiency (DOGE). Since Musk became at the helm of DOGE, Tesla’s stock price has plummeted, hurting shareholders, Rand said. In less than three months, New York City’s $285 billion pension has lost more than $300 million as Tesla’s share price fell nearly 40 percent. “Tesla shareholders don’t get a full-time CEO who cares about the company and their interests,” RAND said. ”