Elon Musk to step down as Tesla chairman in SEC settlement


Financial Times
Elon Musk to step down as Tesla chairman in SEC settlement
Financial Times
Elon Musk has bowed to pressure from US regulators to step down from the chairmanship of Tesla, heading off a legal threat that could have seen him forced out of the electric carmaker completely.

The capitulation came two days after the Tesla chief …
Under a deal with SEC, Elon Musk was to step down as chairman of Tesla.

But it soon unraveledEconomic Times
Elon Musk has to pay £20 million to settle with the SECMashable
In SEC fraud case, Elon Musk will pay £20 million, quit as Tesla chairman, and have a bossBoing Boing (blog)
New York Magazine –Express.co.uk –BBC News
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