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It was announced that Tesla and CEO Elon Musk had agreed to pay a total of $40 million and made a series of concessions to settle an SEC lawsuit alleging Musk had duped investors with misleading statements about a proposed buyout of the company

Saturday 29th September 2018

It was announced that Tesla and CEO Elon Musk had agreed to pay a total of $40 million and made a series of concessions to settle an SEC lawsuit alleging Musk had duped investors with misleading statements about a proposed buyout of the company. Musk remained as CEO but had to relinquish his role as chairman for at least three years.

Nigel Freestone

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