Tesla and its chief executive officer, Elon Musk, along with the Securities and Exchange Commission must submit a joint statement to US District Judge Alison Nathan by October 11 explaining the settlement of a lawsuit the SEC brought after Musk posted a claim on Twitter that he had secured financing to take the company private. Photo: AP

Judge orders Tesla and SEC to justify settlement of fraud lawsuit

Agreement calls for Tesla and its founder, Elon Musk, to pay US$20 million each and for Musk to step down as chairman

Topic |   Tesla

TOP PICKS

Tesla and its chief executive officer, Elon Musk, along with the Securities and Exchange Commission must submit a joint statement to US District Judge Alison Nathan by October 11 explaining the settlement of a lawsuit the SEC brought after Musk posted a claim on Twitter that he had secured financing to take the company private. Photo: AP
READ FULL ARTICLE