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| Tesla's Model 3 |
According to the Guardian, the SEC's case against Elon Musk has been settled:
The Securities and Exchange Commission said on Saturday it had reached a $40m settlement with the automaker Tesla and its chief executive, Elon Musk, over his 7 August tweets about taking the company private.
Tesla and Musk will each pay $20m to settle the case and Musk will step down as chairman but will remain as chief executive.
The SEC announced the settlement just two days after filing the case, which sought to oust Musk as CEO. That has not happened. The settlement only requires Musk to relinquish his role as chairman for at least three years.
[Read more here]
Well, thank goodness that's over. Maybe Musk will be a little more careful what he tweets in future!
Now we can go back to thinking about the upcoming September Tesla Model 3 sales. The Model 3 may well have been the best-selling car in the US this month, if anecdotes of deliveries during the month are anything to go by. We'll know in a couple of days when the company releases Q3 sales.
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