Misleading tweet costly for Tesla founder

Elon Musk is stepping down as Tesla's Chair but is continuing as CEO after settlement with the US Security and Exchange Commission.

By Ritzau

Elon Musk, entrepreneur and founder of Tesla, has been fined USD 20 million for misleading investors with a tweet about taking Tesla private issued back in August.

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SEC seeks to remove Musk as Tesla shares plummet
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Media: Tesla & Musk investigated for misconduct
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Tesla competitor backed with USD 1 billion
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