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[ government news] SEC Settles Fraud Charges With Tesla’s Elon Musk – NBC Bay Area

Elon Musk’s murky future as Tesla Motors’ CEO amid a securities fraud lawsuit became clearer Saturday as the Securities and Exchange Commission settled charges against him, CNBC reported .
Musk expected to remain CEO of the electric vehicle company while relinquishing his chairman title for at least three years, according to court documents filed Saturday, and he will have to pay a penalty of $20 million.



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