SEC agreement puts the brakes on Elon Musk
Elon Musk is giving up a bit of control over Tesla. That’s the upshot of a settlement the electric carmaker reached over the weekend with the Securities and Exchange Commission. The agreement settles fraud charges the SEC brought against Musk, after he tweeted in August that he had “funding secured” for a deal to take Tesla private. Turns out he didn’t. The agreement with the SEC is aimed at reining in Musk.
Click the audio player above to hear the full story.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
