Daily Archives: October 2, 2018, 8:54 am

Tesla’s Elon Musk settles with SEC, paying $20 million fine and resigning as board chairman

But Tesla’s stock tumbled more than 14 percent following the SEC lawsuit, reflecting the degree of risk associated with Musk’s leadership of the carmaker. It is unclear why Musk, who rarely backs down from a fight, changed his mind. The company’s attorneys, Bradley Bondi of Cahill Gordon & Reindel, and Musk’s attorney, Steven Farina of Williams & Connolly, held several…

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