https://www.vox.com/business-and-finance/2018/9/29/17918616/elon-musk-resigns-tesla-chairman-ceo-tsla > His take-Tesla-private tweets cost him $20 million and earned him oversight for his Twitter account, but he gets to stay on as Tesla CEO. > Elon Musk is finally facing some consequences for his August take-Tesla-private dance. The South African-born billionaire will step down as chairman of the electric car company and pay a $20 million fine as part of a settlement with the Securities and Exchange Commission. The SEC had sued Musk on Thursday after he reportedly turned down an initial deal at the last minute.