Elon Musk Resigns as Tesla Chairman, Must Pay $20 Million Fine in SEC Settlement Over Catastrophic '420' Tweet

Elon Musk Resigns as Tesla Chairman, Must Pay $20 Million Fine in SEC Settlement Over Catastrophic '420' Tweet

4:03 PM

In August, Tesla CEO Elon Musk set off an entirely preventable and catastrophic chain of events by tweeting that he was “considering taking Tesla private at $420. Funding secured.” Musk provided no financing details, and the Securities and Exchange Commission later determined that he never finalized any kind of deal…

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