Breaking News: Elon Musk Settles With SEC, Will Stay On As CEO But Step Aside As Chairman [Updated]

By Steve Hanley CNBC is reporting that Elon Musk and Tesla have settled the lawsuit brought last Thursday by the Securities & Exchange Commission (SEC) alleging fraud as a result of Musk’s biggest August tweet, a tweet saying he was considering taking the company private and had already lined up the investors he needed to make that happen (“funding secured”)

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