Sunday, 30 September 2018

Elon Musk To Step Down As Tesla Chairman After SEC Settlement

After three years, Tesla chief executive will bow out as chairman and pay a $20 million fine after a deal was struck with the Securities and Exchange Commision in regards to a securities fraud case. The deal comes just two days after the SEC filed a lawsuit against Musk for fraud and misleading investor investors about a buyout of the popular electric car company when he tweeted “Am considering taking Tesla private at $420. Funding secured.” Musk and Tesla have agreed to…

from Deadline https://ift.tt/2xUycFh

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Fireworks explode as US house burns down

No injuries were reported from the fire but two homes were destroyed in the blaze, firefighters say. from BBC News https://ift.tt/h8D0bvj ...