Elon Musk steps down from Tesla over Tweet, fined 20 million dollars

Elon Musk steps down from Tesla over Tweet, fined 20 million dollars

https://ift.tt/2DG3btI

Elon Musk steps down from Tesla over Tweet, fined 20 million dollars

From NYT:

Elon Musk, Tesla’s chief executive, under pressure from his lawyers and investors, reached a deal with the Securities and Exchange Commission on Saturday to resolve a securities fraud case. The settlement will force Mr. Musk to step aside as chairman for three years and pay a $20 million fine.

The S.E.C. announced the deal two days after it sued Mr. Musk in federal court for fraud and misleading investors over his post on Twitter last month that he had “funding secured” for a buyout of the electric-car company at $420 a share.

Full story here:

https://www.nytimes.com/2018/09/29/business/tesla-musk-sec-settlement.html

Superforest,Climate Change

via Watts Up With That? https://ift.tt/1Viafi3

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s