Tesla requested the legislation agency to fireplace the legal professional who labored on the SEC’s investigation into Elon Musk, the report stated
Tesla Motors CEO Elon Musk unveils a new all-wheel drive version of the Model S October 9, 2014 in Hawthorne, California.
Lucy Nicholson | Reuters
A lawyer for Tesla has asked a law firm to fire one of its attorneys or risk losing his job for the Elon Musk-led electric carmaker, the Wall Street Journal reported Saturday.
The attorney Tesla wanted fired from Cooley LLP previously worked for the U.S. Securities and Exchange Commission. The attorney interviewed Musk in the agency’s investigation into the Tesla CEO’s 2018 claim that he received funds to take Tesla private, according to the publication. The investigation resulted in a settlement in which Musk agreed to pay a $20 million fine and step down as Tesla chairman.
Tesla’s attorney asked Cooley late last year to fire the attorney who worked on the SEC investigation, the Journal reported, citing people familiar with the matter. The company did not fire the employee.
According to the Journal, Tesla has moved to replace Cooley or hire additional attorneys for several cases since December.
Musk’s rocket company SpaceX has also stopped working with the law firm on regulatory issues, the Journal reported, citing people familiar with the matter.
Tesla, SpaceX and Cooley did not immediately respond to CNBC’s requests for comment.
Read the full journal report here.
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