Musk to step down as Tesla chairman, pay $20mn fine as settlement with SEC

Published time: 29 Sep, 2018 21:50 Edited time: 29 Sep, 2018 21:57

Elon Musk has settled with the US Securities and Exchange Commission, which had sued him for fraud over his tweets about taking Tesla private. Musk will have to step down as chairman, but gets to keep his CEO status.