The whole confusion in connection with the resignation of Elon Muska began with … the contribution on Twitter, which was published in August. Musk announced on the social networking site that he has funds to remove the company from the stock market for a price of $ 420 per share. After placing such a post, the company's shares rose by more than 9%, but it turned out that the listing contained untruth.
The issue was dealt with by the American Securities Commission, which started a study of Muska's activities a few days ago. It was stressed that President Tesla's statements were "false and misleading".
"Musk has not even discussed the key terms of the transaction, let alone confirmed, including the price, with any potential source of funding," said the US financial regulator. The BBC recalls that Musk initially refuted accusations and assured that he acted in "the importance of truth, transparency and the well-being of investors".
Musk eventually signed an agreement whereby he and Tesla have to pay a fine of $ 20 million. Musk must also resign from the post of president of Tesla for a period of three years. From now on he will be the general manager.