Elizabeth Warren Says Elon Musk's Alleged 'Secretive Network' Of Companies Explains Why He Wanted Trump To 'Look Into' Transparency Law

Benzinga_recent_news10:19

In a post on X, the Massachusetts Democrat wrote, "Reports indicate Elon Musk controls a secretive network of over 90 companies and entities so he can hide how he spends his money," adding, "No wonder...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2629936120?lang=en_US&edition=fundamental","thumbnail":"https://cdn.benzinga.com/files/images/story/2026/04/21/Arlington--Va---February-13--2020-Senato_1.jpeg?optimize=medium&dpr=2&auto=webp&width=240","is_english":true,"pubTime":"2026-04-22 10:19","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2629936120","market":"hk","top_or_hot":-1,"title":"Elizabeth Warren Says Elon Musk's Alleged 'Secretive Network' Of Companies Explains Why He Wanted Trump To 'Look Into' Transparency Law","media":"Benzinga_recent_news","content":"<div>\n<p>In a post on X, the Massachusetts Democrat wrote, \"Reports indicate Elon Musk controls a secretive network of over 90 companies and entities so he can hide how he spends his money,\" adding, \"No wonder...</p>\n\n<a href=\"https://www.benzinga.com/news/politics/26/04/51959132/elizabeth-warren-musk-secretive-companies-transparency-law-trump-investigation\">Source Link</a>\n\n</div>\n","source":"benzinga_recent_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elizabeth Warren Says Elon Musk's Alleged 'Secretive Network' Of Companies Explains Why He Wanted Trump To 'Look Into' Transparency Law</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElizabeth Warren Says Elon Musk's Alleged 'Secretive Network' Of Companies Explains Why He Wanted Trump To 'Look Into' Transparency Law\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-22 10:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/politics/26/04/51959132/elizabeth-warren-musk-secretive-companies-transparency-law-trump-investigation><strong>Benzinga_recent_news</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In a post on X, the Massachusetts Democrat wrote, \"Reports indicate Elon Musk controls a secretive network of over 90 companies and entities so he can hide how he spends his money,\" adding, \"No wonder...</p>\n\n<a href=\"https://www.benzinga.com/news/politics/26/04/51959132/elizabeth-warren-musk-secretive-companies-transparency-law-trump-investigation\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.benzinga.com/news/politics/26/04/51959132/elizabeth-warren-musk-secretive-companies-transparency-law-trump-investigation","article_id":"2629936120","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/04/21/Arlington--Va---February-13--2020-Senato_1.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/news/politics/26/04/51959132/elizabeth-warren-musk-secretive-companies-transparency-law-trump-investigation","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2629936120","pubTimestamp":1776824340,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Warren cites Musk's alleged secret network of 90+ companies and its possible influence on Treasury's decision to weaken disclosure rules.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"伊丽莎白·沃伦表示，埃隆·马斯克所谓的公司“秘密网络”解释了为什么他希望特朗普“调查”透明度法","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/9e71b67b43a06c3f8546b431b4275d0c","symbols_score_info":{"TSLR":0.6,"TSLY":0.6,"TEST":0.6,"TSLP":0.6,"TSLL":0.6,"TSLI":0.6,"TSLT":0.6,"TSII":0.6,"TSLA":1.87,"07766":0.6,"TSYY":0.6,"TSDD":0.6,"CRSH":0.6,"TSLZ":0.6,"TSLS":0.6,"TSLW":0.6,"TSLQ":0.6,"TESL":0.6,"DJTWW":1.77,"TSLG":0.6,"TLA":0.6,"TSL":0.6,"UFO":0.6,"TSLO":0.6},"content_text":"In a post on X, the Massachusetts Democrat wrote, \"Reports indicate Elon Musk controls a secretive network of over 90 companies and entities so he can hide how he spends his money,\" adding, \"No wonder he wanted the Trump admin to ‘look into' the Corporate Transparency Act, which would have regulated those companies.\"\nWarren was referring to a February New York Times report later cited in a March 30 letter from Warren, Sen. Sheldon Whitehouse (D-R.I.) and Rep. Maxine Waters (D-Calif.) to Treasury Secretary Scott Bessent. \nThat letter said Times reporting showed Musk quietly operated at least 90 private companies in Texas and used limited liability entities that disclose little about ownership to mask spending, including support for Donald Trump's 2024 reelection effort. The lawmakers said the network appeared to be concentrated in Texas but was tied to Musk's broader business empire.\nThat reporting helped trigger a Democratic probe into whether Musk influenced Treasury's decision to stop enforcing key parts of the Corporate Transparency Act, a bipartisan anti-money-laundering law requiring many businesses to report beneficial ownership information to FinCEN, aka the Financial Crimes Enforcement Network.\nTreasury announced on March 2, 2025, that it would not enforce penalties under the law against U.S. citizens or domestic reporting companies, calling the rule burdensome and saying it would narrow the requirement to foreign entities. Reuters later reported Treasury formally moved ahead with that approach.\nBenzinga reached out to SpaceX and Tesla for comments and clarification on Warren’s alleged claims and did not hear back at the time of publishing.\nThe allegation from Warren fits into a broader Democratic campaign to examine Musk's conflicts of interest as he wields influence in a Trump administration that oversees agencies that regulate his companies.\nPhoto Courtesy: Bryan J. Scrafford on Shutterstock.com\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2629936120","isCrawlerRequest":true}