Tesla, Musk pay $40 million to settle Tweet charges, Musk to resign as chairman

Tesla Motors CEO Elon Musk speaks during the National Governors Association Summer Meeting in Providence, Rhode Island, U.S., July 15, 2017. REUTERS/Brian Snyder/Files

WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said on Saturday that car-maker Tesla and Chief Executive Elon Musk had agreed to pay $20 million each under a settlement that will also see the billionaire step down as chairman after a tumultuous two months for the company. But Musk, who is synonymous with the […]

Continue reading this article with a Fiji Times online membership.

More Stories