Musk settles with SEC, to step down as Tesla Chairman; $40M in combined fines

Green Car Congress
By mmillikinSep 30, 2018, 3:01 am260 pts
Elon Musk, CEO and Chairman of Tesla, Inc., has agreed to settle the securities fraud charge brought by the SEC against him last week. (Earlier post.) The SEC also today charged Tesla with failing to have required disclosure controls and procedures relating to Musk’s tweets, a charge that Tesla has agreed to…

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