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Musk out as Tesla chair, remains CEO in $40M SEC settlement

Tesla and its CEO Elon Musk have agreed to pay a total of $40 million and make a series of concessions to settle a government lawsuit alleging Musk duped investors with misleading statements about a proposed buyout of the company.

Musk out as Tesla chair, remains CEO in $40M SEC settlement

Tesla CEO Elon Musk and the electric car company have agreed to pay a total of $40 million and make a series of concessions to settle a government lawsuit alleging Musk duped investors with misleading statements about a proposed buyout of the company.

Business Highlights

___ Tesla faces a reckoning with CEO Elon Musk's job in jeopardy SAN FRANCISCO (AP) — The thought of a Tesla car company without Elon Musk is sending shivers down the spine of Wall Street.

Another hairpin turn for Tesla as stock dives on SEC charge

Tesla investors have taken a wild ride as Wall Street values the promise of one of the world's leading electric car makers, the hurdles the company faces as it tries to become a world-class manufacturer, and a mercurial CEO who can get the market buzzing with a single tweet.