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Judge approves $20m Tesla fine

by LLB Reporter
16th Oct 18 3:17 pm

A US judge has approved the settlement between the Securities and Exchange Commission (SEC), Tesla and its chief executive Elon Musk following his misleading tweets about taking the company private.

usk agreed to pay a $20m fine and step aside as Tesla’s chairman for three years to settle charges that could have forced his exit from Tesla. James Murdoch is rumoured to be his replacement.

The electric car maker also accepted a $20m fine despite not being charged with fraud.

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