#Oopsie
Elon Musk Steps Down as Chairman, Settles With SEC
Consequences have come swiftly for Elon Musk.
Less than two months after he tweeted that he had secured enough funding to take Tesla back private, and just a few days after being charged with securities fraud, Musk has settled with the Securities and Exchange Commission after the SEC charged him with “false and misleading” statements and a failure to properly notify the regulators of material company events.
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