Published: September 29, 2018
- Musk will step down as Tesla chair but stay as CEO
- Billionaire sent tweet about taking company private
The Securities and Exchange Commission said on Saturday it had reached a settlement with the automaker Tesla and its chief executive, Elon Musk, over his 7 August tweets about taking the company private.
Related: Tesla shares drop as analysts divided on Musk’s future with the company
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