Tesla, Musk pay $40 million to settle Tweet charges, Musk to resign as chairman

Tesla, Musk pay $40 million to settle Tweet charges, Musk to resign as chairman

6 years ago
Anonymous $oIHRkISgaL

https://www.reuters.com/article/us-tesla-musk-sec/tesla-musk-pay-40-million-to-settle-tweet-charges-musk-to-resign-as-chairman-idUSKCN1M90SY

The U.S. Securities and Exchange Commission said on Saturday that car-maker Tesla and Chief Executive Elon Musk had agreed to pay $20 million each under a settlement that will also see the billionaire step down as chairman after a tumultuous two months for the company.

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