29 Sep 2018
Turning point
SEC announces Musk and Tesla settlements
The SEC announces settlements, subject to court approval, under which Musk would leave Tesla’s chairmanship and Musk and Tesla would each pay $20 million. They agree to settle without admitting or denying the allegations.
Sources and context
A settlement is not by itself an admission of wrongdoing.
- Elon Musk Settles SEC Fraud Charges, Tesla Charged With and Resolves Securities Law ChargeRegulatory record · US Securities and Exchange Commission