Tesla Model 3 Launch Event

Elon Musk Has Settled With The SEC, But His Unsettling Behavior Continues To Raise Questions

As part of a deal with the Securities and Exchange Commission, Tesla CEO Elon Musk will step down as Tesla’s chairman (but remain CEO) and both he and Tesla each will pay the SEC $20 million.  On Thursday, the SEC charged  the Tesla CEO with securities fraud for his “misleading tweets,” specifically one on August 7 that read, “Am considering taking Tesla private at $420. Funding secured.”

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