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Tesla is Soaring after Elon Musk Settles with the SEC

Business Insider
  • Tesla shares were up more than 15% early Monday on the news Tesla CEO Elon Musk had settled fraud charges with the US Securities and Exchange Commission.
  • Musk will neither admit nor deny the allegations, including that he knowingly misled the public, and he has agreed to step down as Tesla's chairman for at least the next three years. Both Musk and Tesla will also pay $20 million fines...
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