11:00 AM EDT, 03/21/2024 (MT Newswires) -- (Updates with details throughout.)

US Sen. Elizabeth Warren has called on the US Securities and Exchange Commission to probe whether Tesla (TSLA) breached regulations over board independence at public companies, The Wall Street Journal reported Thursday, citing a letter.

The Massachusetts Democrat previously raised similar concerns in a letter sent to the SEC last summer, according to the report.

In her latest letter, sent this week, Warren voiced concerns regarding potential conflicts of interest between the electric vehicle maker and the private companies that its chief executive, Elon Musk, runs, including social-networking site X, the WSJ reported.

"New evidence has emerged in recent months that deepen my concerns that Tesla's board lacks independence from Mr. Musk, who uses his control over the board for his personal benefits, rather than in the best interest of Tesla's shareholders," Warren reportedly wrote in the latest letter.

SEC Chair Gary Gensler will respond to Congress members directly, the publication reported, citing a SEC spokesperson, who added that the agency doesn't comment on the existence or nonexistence of a possible investigation.

Tesla and Musk didn't respond to requests for comment, the WSJ reported.

Neither Musk nor Tesla immediately responded to requests for comment by MT Newswires. Warren's office didn't immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 175.42, Change: -0.24, Percent Change: -0.14