Tag: elon musk net worth

Elon Musk’s Ultimatum to Tesla

Elon Musk’s Ultimatum to Tesla

Events, Organization
After the S.E.C. reacted by charging Mr. Musk, yet not the organization that he had helped to establish, of securities extortion, the board additionally resisted controllers, issuing a provocative articulation saying that the chiefs were "completely certain about Elon, his uprightness, and his administration of the organization." Securities and Exchange Commission Securities and Exchange Commission authorities were naturally shocked Thursday morning when Tesla's board — and its executive, Elon Musk — unexpectedly hauled out of a deliberately created settlement. It was a dazzling inversion: The board had rejected a settlement that was phenomenally liberal — it would have permitted Mr. Musk to stay as CEO, and expected him to advance down as administrator for just two years. Presently, t
Elon Musk agreed to step down as chairman of Tesla

Elon Musk agreed to step down as chairman of Tesla

Business, Celebrities
Elon Musk Settles With SEC, Agrees To Step Down As Tesla Chairman. Tesla CEO Elon Musk has consented to advance down as administrator of the electric-auto organization as a major aspect of a settlement to determine a securities misrepresentation charge heaved by the SEC on Thursday. Elon Musk, Tesla's CEO Elon Musk, Tesla's CEO, has achieved an arrangement with the Securities and Exchange Commission to settle a securities misrepresentation charge brought against him on Thursday, the organization reported on Saturday. Under the terms of the settlement, Musk has consented to venture down as executive of the Silicon Valley-based organization, yet will stay in his post as CEO. Compensation Tesla and Musk will each compensation a different fine of $20 million, the SEC said in an official...