https://www.cnet.com/roadshow/news/teslas-elon-musk-settles-with-sec-is-out-as-board-chairman-will-pay-20-million/

The SEC had filed a lawsuit against Musk on Thursday, regarding an Aug. 7 tweet in which he told his 22 million followers that he was poised to take the company private. He later backtracked on that statement.

"Musk's false and misleading public statements and omissions caused significant confusion and disruption in the market for Tesla's stock and resulting harm to investors," the SEC said in the complaint.