ELON MUSK SETTLES WITH SEC WILL RESIGN AS TESLA CHAIRMAN

Elon Musk has entered into a settlement agreement with the Security and Exchange Commission over his attempt to take his company private. As part of the settlement, Musk will pay a $20 million penalty and will relinquish his role as chairman for at least three years. “The SEC also today charged Tesla with failing to have required disclosure controls and procedures relating to Musk’s tweets

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