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Elon Musk agrees to pay $20 million fine in SEC settlement

Name: Elon Musk agrees to pay $20 million fine in SEC settlement
Uploaded: 2018-10-01T21:31:31.000Z
Duration: 1 min 14 s
Description: After falsely claiming he secured funding to take Tesla private, Elon Musk struck an agreement with the Securities and Exchange Commission to step aside as chairman for three years, but will remain CEO.

After falsely claiming he secured funding to take Tesla private, Elon Musk struck an agreement with the Securities and Exchange Commission to step aside as chairman for three years, but will remain CEO.