7 years ago
2
Tesla's Musk pulled the plug on a settlement with the SEC at the last minute
Under the deal, Musk and Tesla would have had to pay a nominal fine, and he would not have had to admit guilt, but Musk would have been barred as chairman for two years, according to sources.
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Fine example of ego over common sense.
He went ahead and signed off on it today: https://money.cnn.com/2018/09/29/technology/b...ess/elon-musk-tesla-sec-settlement/index.html I think his lawyer must have had a "Come to Jesus" talk with him.