Elon Musk to resign as Tesla chairman, remain CEO in $40 million SEC settlement

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(Reuters) — Tesla and Elon Musk have agreed to pay $20 million each to financial regulators and the billionaire will step down as the company’s chairman but remain as chief executive, under a settlement that caps a tumultuous two months for the car-maker. The securities fraud agreement, announced by the Securities and Exchange Commission (SEC…Read More

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