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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...