The Guardian reports:

Elon Musk and his companies face at least $2.37bn in legal exposure from federal investigations, litigation and regulatory oversight, according to a new report from Senate Democrats. The report attempts to put a number to Musk’s many conflicts of interest through his work with his so-called “department of government efficiency” (Doge), warning that he may seek to use his influence to avoid legal liability.

The report, which was published on Monday by Democratic members of the Senate homeland security committee’s permanent subcommittee on investigations, looked at 65 actual or potential actions against Musk across 11 separate agencies. Investigators calculated the financial liabilities Musk and his companies, such as Tesla, SpaceX and Neuralink, may face in 45 of those actions.

Since Donald Trump won re-election last year and Musk took on the role of de facto head of Doge in January, ethics watchdogs and Democratic officials have warned that the Tesla CEO could use his power to oust regulators and quash investigations into his companies. In the role, Musk, the richest man in the world, holds sway over agencies that regulate or contract with his companies. The subcommittee report outlines the extent of Musk’s liabilities, which include potentially facing $1.19bn in fines to Tesla alone over allegations it made false or misleading statements about its autopilot and self-driving features. [Continue reading…]