NYC Comptroller Brad Lander told Fortune the announcement is a reminder “the rule of law applies to everyone—even the world’s richest man and his company.”

Elon Musk said he would form a new political party called the "America Party."

When the Wedbush tech analyst lobbied Tesla’s board to form a special board oversight committee, the CEO’s response was as immediate as it was dismissive.

NYC Comptroller Brad Lander told Fortune the announcement is a reminder “the rule of law applies to everyone—even the world’s richest man and his company.”