Musk Settles With The SEC: Will Step Down As Tesla Chairman For 3 Years, Pay $20MM Fine, Stay As CEO
September 29, 2018 at 19:25 PM EDT
An SEC settlement requires Musk to step down for 3 years as Chairman, pay a $20 million fine, comply with Tesla's mandatory procedures for how to tweet going forward, however it means he will be able to continue as the company's CEO.
