Elon Musk descends from the chair position in Tesla

Remains Chief Executive Officer (CEO)
Elon Musk has reached an agreement with the Securities and Exchange Commission, on earlier charges, for speculation about Tesla's withdrawal from the stock exchange.

Within 45 days, Musk will have to leave the position of chairman of the company and will not be able to hold this position for three years. However, he will remain the CEO of Tesla.

Besides, Mouse and the company will have to pay $ 20 million in fines. The money will be distributed among the affected investors. The company will also appoint a lawyer to monitor Musk's communications activities, including Twitter posts.

However, this may not be the end of history. The US Department of Justice, too, rumors, is investigating the failed privatization attempt. Some shareholders sue Muk for loss of potential market manipulation.

source - digi.bg
image source - pixabay.com