Elon Musk fined $20million and must resign as chairman following fraud charges

Musk's Tesla position uncertain as US regulators sue Musk for fraud

Musk's Tesla position uncertain as US regulators sue Musk for fraud

The SEC also said Tesla did not have "sufficient processes in place to [ensure] that Musk's tweets were accurate or complete".

Musk has not tweeted about the SEC settlement.

The probe was started after Musk tweeted August 7 that he could take the company private for $US 240 a share and that funding for such a deal had been secured.

Turkey or Germany: UEFA to choose EURO 2024 host
"Every democratic decision is the right decision so I can only say I am looking forward to seeing a fantastic Euro in 2024". Our strength, quality in terms of (this) organization is obvious. "In this sense we have lost nothing as a country".

In addition, Tesla must replace Musk with an independent chairman; Musk can't be considered as chairman for at least three years.

Tesla has agreed to settle the complaint with the SEC and will appoint two new independent directors to its board. Saturday's settlement saw the SEC pull back from its demand that Musk be barred from running Tesla, a sanction that many investors said would be disastrous for the loss-making electric carmaker.

Musk will reportedly remain Tesla CEO and the settlements don't require either him or Tesla to admit guilt.

Fortnite Season 6 (v6.0) Map Updates - Floating Island, Corn Fields, and more
Running around isn't all that bad though, as you'll have increased movement speed and jump height, and you won't take fall damage. Impulse grenades, the silenced submachine gun, the light machine gun, bouncer pads, and remote explosives have all been vaulted.

Mr Musk initially responded to the charges by saying the action was "unjustified" and he acted in the "best interests of truth, transparency and investors".

'The resolution is meant to prevent further market disruption and harm to Tesla's shareholders'.

Tesla said in 2013 that it would use Musk's Twitter account to announce "material information about Tesla", but the company didn't really have any rules for how that might work or comply with SEC rules. Speaking of the settlements, both are still subject to court approval.

James Milner sums up popular opinion on Mohamed Salah's award-winning goal
FIFA Fair play award: Presented by Pierluigi Collina and Paolo Maldini, the award was won by Lennart Thy. Messi could only finish fifth with 9.81% behind Kylian Mbappe (10.52%).

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