TESLA

The Compulsory Vacation of Elon Musk

Elon Musk was accused by the United States of America's securities authority of fraud after having made a publication on his Twitter page in which he guaranteed that Tesla would go public and that it even had financing to buy the quoted shares at $ 420 per a very high value.
In this path, and because the company's actions have appreciated substantially, the SEC filed a lawsuit in the Manhattan District Court against Elon Musk, seeking his removal from office as chairman of the company.
This Saturday, the court's decision was reached after an agreement with the businessman: Elon Musk has 45 days to stop being the chairman of the company, a sanction that will last three years.
More. The businessman will also have to pay the regulator a fine of 20 million dollars. However, the agreement provides that Elon Musk may be the CEO of Tesla.



Patricia Carvalho, de Portugal