Tesla CEO Elon Musk, company settle fraud suit for $40M

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Tesla CEO Elon Musk and the electric car company agree to pay $40 million and make series of concessions to settle government lawsuit alleging Musk duped investors with misleading statements about proposed buyout.

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arinze_chiama

Maybe he’ll stop acting a clown on twitter and focus on his work. Or he’ll just double down with the finger pointing. Saying this as someone who greatly respects the man and his accomplishments. Lately it seems the success went to his head. Please let this be a wakeup call.

first papa john now this...

I honestly hate the SEC. Constant BS. For every 1 legitimate complaint they destroy or strong arm the other 99. No oversight whatsoever

Anybody else, stock manipulation = Jail time

That must be one of the most expensive tweets...ever.

The Tesla part of the fine means shareholders are actually paying it?

Elon looks like an Asian guy trying to look like a white guy.

8NewsNow elonmusk electriccarcompany Tesla If that was meant as a joke at the time, it has got to be the most expensive joke to date!

CEO's alert,, what you tweet matters,,

Sorry but this asswipe needs to be barred from every running a public corporation again. He is an arrogant, entitled, POS, like Kavanaugh. The only other things I hate in my news feed are Trump & Kanye. Unfortunately, I have to read Trump's BS so I can prepare for the apocalypse

That's like if I was given 5 dollar fine..40 mil us a rounding error to him and tesla

40mm? Why not fine elonmusk 42.0mm? Seems more appropriate. tesla

😂 Elon returning a small portion of the money the government provides him

End is near.....

40 million? CNN is reporting 20 million. Which is it?

Not $40 m. Was $20. Read the posted court document online. This is incorrect news

FLReza So Musk pays $40 million for misleading investors but our president does it every hour of every day and there's absolutely no reprimand?

They were willing to grant no wrong dooing, for a pittance and musk gone. But if he stays what he did was wrong. They want him gone because his company with him at the wheel is too threatening to the auto and oil boys.

Meanwhile, the President is free to selectively & repeatedly slag off & ‘talk down’ public companies, media organisations & healthcare programs that he holds a grudge against ... because he has no fucking morals & the ethics department is, well ... it just isn’t.

I never saw Musk as anything other than a failed Bond villain.

What a joke the SEC_Enforcement is. In America it pays to be a criminal $tsla $hlf

Musk is another guy who thinks that the rules don't apply to him. Glad that it is finally catching up with him.

Elon Musk is basically Hank Scorpio:

That was fast!

Too obvious to fight ... Tesla hoping to put this episode behind them fast ... and in the end $40 million is small price to pay to have this forgotten quickly ...

The SEC was prejudiced - lots of funky deals going on.

😂

Twitter-fingers strike again !

That was one expensive tweet.

Elon Musk is the Lindsay Lohan of corporate America

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