The Securities and Exchange Commission of the United States gets Elon Musk to leave the presidency of Tesla, in addition to paying 20 million dollars.
The hunt for Elon Musk in recent months has been quite intense and in the end they have gotten what they wanted, for Tesla to leave. This was only possible after the United States Securities and Exchange Commission filed a fraud lawsuit against Elon Musk and Tesla. Finally Musk has been forced to leave the company after reaching an agreement between the businessman and the regulator that forces him to stop being the head of Tesla.
Elon Musk leaves the Tesla presidency after reaching an agreement with the SEC.
The trial began just a few days ago, which has been closed after Musk reaches an agreement in which he ceases to be president of the company and cannot return to that position for at least three years. Not only that, Musk will have to give control of his Twitter account to a lawyer who will be appointed for such work. It should be noted that the whole mess began with a tweet by Musk, although the measure is a true madness that violates individual rights, without a doubt.
It is not clear, since we are before the beginning of the information, but some media are emphasizing that Musk will have to pay more than 20 million dollars, in addition to the measures described above.
Musk on Twitter will have less activity, as is logical, being controlled by a lawyer appointed to take control of his account and possibly public appearances will be reduced significantly and he may stay working exclusively at Boring Company, he may develop a new one. company, who knows.
Source: Verge
