Maybe he needs a few more of those blunts....
Printable View
Maybe he needs a few more of those blunts....
Axios is reporting that Musk has reached an agreement with the SEC in which he will pay a $20M fine and step down as head of Tesla for 3 years.
https://www.axios.com/elon-musk-sec-...170923524.html
Update:
Here’s another source, which says Musk will pay $20M and the corporation owned by the stockholders which allegedly were screwed by Musk will pay another $20M. That sounds more like the reasoning of the government I know — fining the alleged victims of the con. :nuts:
https://apnews.com/128cc400e4244566a2f12971e257abb9/Tesla,-Musk-settle-gov't-suit-for-$40M;-Musk-to-stay-CEO
If I recall correctly, Musk originally said that he would spend five years at Tesla . Had the company progressed faster, I expect that he would have been long gone anyway . So, I'm not expecting that he cares too much about the restriction from Chairman position . 20 million to him is probably no big deal .