02:06 PM EDT, 08/09/2024 (MT Newswires) -- Tesla's (TSLA) board appears to be neglecting Elon Musk's "apparent conflicts of interest" involving his private companies and must act to ensure he is meeting his responsibilities as the chief executive officer of the publicly traded vehicle maker, Sen. Elizabeth Warren said Thursday in letter to Robyn Denholm, board chair

Warren, a Massachusetts Democrat, said she may call for intervention by the Securities and Exchange Commission or other regulatory agencies.

Musk "has long juggled various enterprises in addition to Tesla," including roles in private companies such as SpaceX, Neuralink, The Boring Co. and X, and the Tesla CEO "may not be adequately addressing his competing priorities," Warren said.

Among other examples in the 10-page letter, Warren highlighted a June CNBC report that said Musk redirected 12,000 of Nvidia's (NVDA) H100 GPUs designed for artificial-intelligence workloads to X instead of Tesla, even though they were slated for the electric carmaker.

Warren asked Denholm for answers to a series of questions concerning the board's oversight of Musk and his various businesses by Aug. 23.

Warren sits on the Senate's committees for banking, armed services and finance.

Tesla didn't immediately respond to a request for comment from MT Newswires.

Tesla shares rose 0.6% in recent trading Friday.

Price: 200.11, Change: +1.27, Percent Change: +0.64