Elon Musk to Resign as Tesla Chairman, Pay $20 Million Fine in SEC Settlement Over Catastrophic ‘420’ Tweet

In August, Tesla CEO Elon Musk set off an entirely preventable and catastrophic chain of events by tweeting that he was “considering taking Tesla private at $420. Funding secured.” Musk provided no financing details, and the Securities and Exchange Commission later determined that he never finalized any kind of deal…

Read more…