Tesla Chief Executive Elon Musk will relinquish the role of Tesla chairman and split a US$40 million penalty with the electric-car maker to settle fraud charges brought by the US over his tweeted claims about taking the company private. Photo: Reuters

Elon Musk removed as Tesla chairman, but will remain CEO in US$40 million settlement after tweet

Musk to split a US$40 million penalty with the electric-car maker to settle fraud charges over his tweeted claims about taking the company private and must resign as chairman within 45 days

Topic |   Tesla

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Tesla Chief Executive Elon Musk will relinquish the role of Tesla chairman and split a US$40 million penalty with the electric-car maker to settle fraud charges brought by the US over his tweeted claims about taking the company private. Photo: Reuters
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