That sure was an expensive 420 joke.
Tesla CEO Elon Musk has agreed to pay $20 million and step down from his role as chairman of the board of the company he founded for three years – in a deal with the U.S. Securities and Exchange Commission (SEC).
The worst humiliation Elon Musk will have to face won’t be the $20 million fine or the loss of his role as chairman.
Elon Musk now has to have a boss.
Hope they hire a good tweet editor for him too.
Musk didn’t admit or deny that he misled investors under the civil fraud charge.
Tesla was not charged with fraud.