Elon Musk To Step Down As Tesla Inc’s Chairman

Elon Musk To Step Down As Tesla Inc’s Chairman


Famous entrepreneur and business icon Elon Musk stepped down as the chairman of Tesla this Saturday.

Elon Musk, under pressure from his lawyers and investors of Tesla, the company he co-founded, reached a deal with the Securities and Exchange Commission on Saturday to resolve securities fraud charges. The settlement will force Mr. Musk to step aside as chairman for three years and pay a $20 million fine.


Elon Musk To Step Down As Tesla Inc’s Chairman < News