Musk finally concedes defeat, will step down as Tesla Chairman

Elon Musk has taken the U-turn and has given up his position as Chairman of Tesla (TSLA) after agreeing to the terms set by the Securities and Exchange Commission (SEC). Musk has been under the US watchdog scanner since posting “misleading” tweets on August 7 of taking the electric carmaker private for $420, and that … Continue reading Musk finally concedes defeat, will step down as Tesla Chairman