Cars News
Musk settles—out as Tesla chairman, owes $20 million in penalties
Enlarge (credit: Joshua Lott/Getty Image)
Elon Musk reached a settlement today with the Securities and Exchange Commission (SEC) on a charge of securities fraud. Within the next 45 days, Musk will have to step down as chairman of Tesla and
Tesla is outgrowing Elon Musk
Enlarge / Elon Musk in 2004, the year he became chairman of the board at a tiny electric car startup called Tesla. (credit: Paul Harris / Getty)
Update: A few hours after this analysis published on Saturday, September