Browsing: Elon Musk
Elon Musk will give up the role of Tesla chairman and pay a $20-million penalty to settle fraud charges brought by the US over his claims about taking the company private.
It is nearly impossible to imagine Tesla without Elon Musk – its chairman, CEO, largest shareholder and public face. But the SEC’s lawsuit on Thursday has raised questions about the executive’s future.
At this year’s Beijing Auto Show, a retired Chinese bureaucrat bent down to run his hands over the hood of a sleek sports coupe billed as the world’s fastest battery-powered car, and he smiled like a proud father.