https://www.cnbc.com/2018/10/03/elon-musks-ultimatum-to-tesla-fight-the-sec-or-i-quit.html

Securities and Exchange Commission officials were understandably taken aback on Thursday morning when Tesla's board — and its chairman, Elon Musk — abruptly pulled out of a carefully crafted settlement.

After the S.E.C. responded by accusing Mr. Musk, but not the company that he had co-founded, of securities fraud, the board further defied regulators, issuing a provocative statement saying that the directors were "fully confident in Elon, his integrity, and his leadership of the company."