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Tesla asked Cooley to fire lawyer who worked on SEC Elon Musk investigation

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Tesla asked Cooley to fire lawyer who worked on SEC Elon Musk investigation

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Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California on October 9, 2014.

Lucy Nicholson | Reuters

A Tesla lawyer has asked a law firm to fire one of its lawyers or risk losing their job for the electric carmaker led by Elon Musk, The Wall Street Journal reported on Saturday.

The lawyer Tesla wanted Cooley LLC to fire previously worked at the United States Securities and Exchange Commission. The attorney questioned Musk as part of the agency’s investigation into the Tesla CEO’s claim in 2018 that he secured funding to take Tesla private, the publication said. The investigation led to a settlement under which Musk agreed to pay a $20 million fine and resign as Tesla chairman.

Tesla’s attorney late last year asked Cooley to fire the attorney who worked on the SEC investigation, the Journal reported, citing people familiar with the matter. The company did not remove the partner.

Tesla has decided to replace Cooley or hire additional attorneys on several cases since December, according to the Journal.

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 Journal’s full report here.

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Tesla asked Cooley to fire lawyer who worked on SEC Elon Musk investigation

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