Tesla's Musk pulled plug on settlement with SEC at last minute

Tesla's Musk pulled plug on settlement with SEC at last minute

6 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/09/28/teslas-musk-pulled-plug-on-settlement-with-sec-at-last-minute.html

Tesla and the Securities and Exchange Commission were very close to a no-guilt settlement Thursday, reported CNBC's Andrew Ross Sorkin on Friday, citing sources. But, these people say Musk pulled out of the agreement at the last minute.

Under the terms of the deal, Musk and Tesla would have had to pay a nominal fine, and he would not have had to step down as an officer. Musk reportedly refused to sign the deal because he felt he would