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Written by TopGear.com
Elon Musk has agreed to step down as chairman of Tesla, after reaching a deal with the Securities and Exchange Commission. Musk and Tesla will also have to pay a $20million fine, though he is allowed to continue as CEO. The regulator filed a lawsuit against Musk last week, alleging a tweet in which he claimed he"d secured funding for a buyout of Tesla at $420 per share was "false and misleading".
Date written: 1 Oct 2018
More of this article on the Top gear website
ID: 13519
Elon Musk has agreed to step down as chairman of Tesla, after reaching a deal with the Securities and Exchange Commission. Musk and Tesla will also have to pay a $20million fine, though he is allowed to continue as CEO. The regulator filed a lawsuit against Musk last week, alleging a tweet in which he claimed he"d secured funding for a buyout of Tesla at $420 per share was "false and misleading".
Date written: 1 Oct 2018
More of this article on the Top gear website
ID: 13519