Tesla, CEO Elon Musk settle SEC fraud case for $40M
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The U.S. Securities and Exchange Commission pronounced on Saturday it had reached a allotment with car-maker Tesla and CEO Elon Musk over his Aug. 7 tweets about holding a association private.
Tesla and Musk will any compensate $20 million US to settle a box and Musk will step down as authority though will sojourn as arch executive.
Am deliberation holding Tesla private during $420. Funding secured.
mdash;@elonmusk
Article source: http://www.france24.com/en/20170113-african-union-cease-recognising-jammeh-gambia-barrow-ecowas
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