Skip to content
Options Trading Report

Options Trading Report

Primary Menu
  • Home
  • Business
  • Domestic
  • Economy
  • Money
  • Top News
  • Newsletters
  • Home
  • 2025
  • April
  • Lawmakers seek details of USDOT ethics oversight of Elon Musk business probes

Lawmakers seek details of USDOT ethics oversight of Elon Musk business probes

Editor April 10, 2025
2025-04-10T152112Z_2_LYNXNPEL390TX_RTROPTP_4_USA-ELECTION-HEADSHOTS

By David Shepardson

WASHINGTON (Reuters) – Two U.S. House of Representatives lawmakers on Thursday asked the Transportation Department’s top ethics official to detail how the agency is addressing Elon Musk’s potential conflicts of interest given ongoing investigations of SpaceX and Tesla, companies run by the close ally of President Donald Trump.

“Mr. Musk remains in charge of a sprawling private sector business empire that continues to rely on billions of dollars in government funding and has been charged with managing his own conflicts of interest,” wrote Representative Gerald Connolly, top Democrat on the House Oversight Committee, and Representative Emily Randall on Thursday. “This arrangement is corrupt on its face and threatens accountable, democratic governance.”

The Transportation Department, White House and Tesla did not immediately respond to requests for comment.

Musk, a senior Trump adviser, has led the effort to dramatically shrink the size of the federal government through the so-called Department of Government Efficiency.

“Mr. Musk continues to profit from taxpayer dollars and now finds himself in charge of determining which federal contracts the government will keep and which will be cut — an arrangement that runs afoul of the law,” the letter said.

The letter noted that the Federal Aviation Administration in September proposed fining SpaceX $633,000 for violating launch license requirements and that the National Highway Traffic Safety Administration has five pending investigations into Tesla.

One of those covers 2.4 million Tesla vehicles equipped with Full Self-Driving software after four reported collisions, including a fatal 2023 crash.

In February, NHTSA laid off 4% of its staff as part of a government-wide trimming of probationary employees. USDOT overall has cut hundreds of employees and about 4,000 department employees this week sought to take voluntary buyouts.

The letter seeks “a detailed and complete list of all steps DOT is taking to ensure compliance with all relevant conflicts of interest and ethics laws pertaining to Mr. Musk’s

businesses.”

The letter also wants a list of actions to ensure Musk

“is not permitted access to information that would give Mr. Musk’s businesses an advantage over competitors.”

Numerous lawmakers have raised questions about the potential for Musk to interfere or take over a $2.4 billion FAA telecommunications contract with Verizon.

Musk, who owns satellite company Starlink, has sharply criticized the current FAA telecom system. Starlink has denied it wants to take over any FAA contract.

(Reporting by David Shepardson; Editing by Chizu Nomiyama and Bill Berkrot)

About the Author

Editor

Administrator

Visit Website View All Posts

Post navigation

Previous: Amazon CEO sets out AI investment mission in annual shareholder letter
Next: Auto suppliers Novares, Valeo demand upfront payment to cover tariff cost

Live Market Pulse

The charting technology is provided by TradingView. Learn how to use theTradingView Stock Screener.

Want More Market News?
Add your email address below to get up to date market news and more!
By submitting the form you agree to the Privacy Policy of Options Trading Report and agree to receive our email updates and special offers. As a bonus, you will also get a free subscription to MTA Trade of the Day, Privacy Policy. You will receive special offers and advertisements from Options Trading Report and MTA Trade of the Day and our affiliates. You may unsubscribe at any time.

Search

Recent Posts

  • Walmart defeats shareholder lawsuit over opioid probe disclosures
  • The Dynamic S & P 500 – by Justin Vaughn, Editor, Options Trading Report)
  • Dell slides after weak margins eclipse upbeat full-year forecast
  • Meta’s Zuckerberg pressed Trump on digital taxes before tariff threat, Bloomberg News reports
  • How Tesla and Waymo’s radically different robotaxi approaches will shape the industry

Categories

  • Business
  • Market News
  • Newsletters
  • Options
  • Reflections
  • Top News

You may have missed

2025-08-29T180723Z_2_LYNXMPEL7S0VG_RTROPTP_4_WALMART-LAWSUIT-OPIOIDS.JPG
  • Newsletters

Walmart defeats shareholder lawsuit over opioid probe disclosures

Editor August 29, 2025
New Delhi, India - March 15, 2025. S&P 500 Stock Index Displayed on Smartphone with Bullish Green Candlestick Chart and U.S. Flag Background, Signifying Market Uptrend
  • Market News

The Dynamic S & P 500 – by Justin Vaughn, Editor, Options Trading Report)

Editor August 29, 2025
2025-08-29T100536Z_1_LYNXMPEL7S0EF_RTROPTP_4_DELL-RESULTS.JPG
  • Newsletters

Dell slides after weak margins eclipse upbeat full-year forecast

Editor August 29, 2025
2025-08-28T180645Z_1_LYNXMPEL7R0X7_RTROPTP_4_META-PLATFORMS-VIRTUAL-REALITY.JPG
  • Newsletters

Meta’s Zuckerberg pressed Trump on digital taxes before tariff threat, Bloomberg News reports

Editor August 28, 2025
  • Home
  • Terms of Service
  • Privacy Policy
  • Disclaimer
  • Contact Us
Copyright 2025 © All rights reserved | Options Trading Report | optionstradingreport.com