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Elon Musk has announced plans.
The famous American billionaire, founder of Tesla Elon Musk has agreed to resign as Chairman of the Board of Directors of this company because of the lawsuit, which was filed against him, the Commission on securities and stock market, reports citing .
“Elon Musk agreed Saturday to resign as CEO of Tesla and to pay a fine in the amount of $20 million to settle the lawsuit brought this week by the Commission on securities and stock market”, – stated in the message.
According to the deal, which requires court approval, the Mask will be allowed to remain on as the Executive Director of Tesla. Instead, he should resign of the Chairman of the Board of Directors within 45 days. Thus, it cannot be re-elected to this position for three years. In addition, Isma reserves the right not to admit guilt.
7 Aug Elon Musk wrote in his Twitter that he is ready to buy the company a Tesla for the price of $420 per share, stating that this will lead to price rise of the company. He subsequently abandoned this idea.The Commission on securities and stock market in this regard, said that Musk did not provide funding, accused him of fraud and appealed to the district court of Manhattan.