Whoever becomes the new chairperson of Tesla Motors will face the formidable task of reining in Elon Musk, the charismatic, visionary chief executive with an impulsive streak, while also helping Musk achieve his dream of turning Tesla into a profitable, mass-market producer of environmentally friendly electric cars. The tweets had no basis in fact, and the ensuring market chaos hurt investors, the SEC said.
As part of the settlement, Tesla will appoint an independent chairman, two independent directors, and a board committee to set controls over Mr Musk's communications under the proposed agreement.
Coming under pressure from his lawyers and investors of Tesla, tech billionaire Elon Musk has agreed to step down as chairman of the company for three years and pay a $20 million fine in a deal with the USA stock market regulatory authority, Securities and Exchange Commission (SEC), to resolve securities fraud charges.
"Shareholders with Tesla will be able to go to sleep tonight knowing the Musk will remain at the helm of the company".
Pinoys safe after Air Niugini flight crashes into sea
The passengers managed to escape from the plane, and locals arrived shortly on small boats to assist with the rescue operation. US sailors were working on improving a wharf nearby, and one snapped a picture as they helped shuttle survivors to shore.
Rishi Kapoor's mother Krishna Raj Kapoor passes away
Raveena, who was one of the first film personalities to react to Kapoor's death, described her demise as the end of an era. Krishna Raj Kapoor, the matriarch of the Kapoor family passed away leaving the entire Kapor family to mourn this loss.
Iran nuclear deal: Plan put forward to dodge U.S. sanctions
Leftist Bolivian President Evo Morales bluntly declared that "the United States does not care about human rights or justice". It was only the third time in United Nations history that a USA president chaired a Security Council meeting.
Neither Tesla nor Musk admitted wrongdoing under the settlement, which was reached two days after the regulator sued the billionaire over his tweeted claims to have had the funding and investor support to buy out stockholders at $420 a share. Musk said August 7 in a company blog post that he was considering taking Tesla private at $420 per share, representing a 20% premium over the stock price following the company's second-quarter earnings release.
US securities regulators settled a lawsuit against Musk alleging that he made false and misleading statements about plans to take the company private in August.
Curiously, and as one of the parties to the deal, Elon Musk has accepted that he can never admit or deny that he has committed fraud, which in practice means he can never publicly state that he has done nothing wrong. The SEC's lawsuit charged that the tweet, which caused Tesla's shares to jump, was misleading because he did not actually have the funding lined up for such a move.
Maduro arrived in NY for the potential meeting with Trump on Wednesday after initially saying he would not attend UNGA. Trump blamed "socialism" for bankrupting the "oil-rich nation" and said it's "driven its people into abject poverty".
Kavanaugh has denied the accusation, and he and Republican Senators reacted with outrage during his own hearing later Thursday. Kavanaugh told the senators, his voice raised: "I have never done this to her or to anyone".
OPEC also ignored US President Trump's request to lower oil prices by increasing output, keeping oil prices well supported. Oil is maintaining strong bullish momentum, with daily MA's in full bullish configuration, supporting the advance.
You need to work for these moments when it's clicking. "But it's a great feeling to help get a result for the team". We have to deal with the situation but it is not hard ". "It's really cool, I'm really happy for him.
In the eyes Spoelstra, the ability to acquire a star with the talent level of Butler immediately raises the team's chances to win. Butler has two years remaining on the five-year, $92 million deal he signed with the Bulls in 2015.
This could be an interesting area for a Halloween event! A spokesperson for Epic Games called the new breast physics a mistake. Although there certainly weren't as many changes as some fans were expecting, the map is slightly different in season six.
Under the terms of the deal, Musk and Tesla would have had to pay a nominal fine, and he would not have had to admit any guilt. The Silicon Valley billionaire said overnight he had done nothing wrong and Tesla's board reiterated its support for him.
Paramedics treated an injured rescued passenger of the crashed plane inside a hospital on the remote Island of Weno. A cargo plane belonging to Air Niugini went off a runway at Madang Airport in 2013, but there were no casualties.
Japan's space agency has managed to surpass ESA's achievement of landing a craft on an asteroid by landing two rovers on another. Two tiny robots dispatched to the surface of an asteroid from a Japanese spacecraft have sent home their first photos.
Meanwhile, the fact that the literature prize will not be handed over this year has grabbed several headlines. Honjo and Allison will split the Nobel prize amount of 9 million in Swedish krona, or $1.01 million.
Now that money is flowing, and now that inflation is ticking up , most analysts say it's about time to ease up off that gas pedal. That causes those bonds' prices to drop, and the dynamic has caused numerous most popular bond funds to lose money this year.
Christine Blasey Ford answers to the questions of Rachel Mitchell , a prosecutor from Arizona, as she testifies before the U.S. She will build her case very carefully and in layers", Westerhausen told CNN's John Berman on "New Day" Thursday morning.
Mourinho picks Pogba but warns 'no player bigger than United'
Mourinho led Manchester United to a Premier League title just two seasons ago, but many fans are fed up with The Special One. Even when Marcus Rashford was introduced and the system changed, Mourinho took off Victor Lindelof rather than McTominay.
Mesut Ozil on target as Arsenal sneak past Watford
With his current contract set to expire next summer, the Welsh global has been in talks with Arsenal over a new long-term deal. All the players are frustrated because they think we will be able to get a good result playing here.
Bills at Vikings: Sal's keys, notes and stats
They've won three of the follow-ups, but this one is on the road on Thursday night against the unbeaten Los Angeles Rams . Th Bills' rookie quarterback did some good things in his first-ever start last week, but also made some critical mistakes.