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Elon Musk agrees to pay $20 million and quit as Tesla chairman in deal with SEC

Elon Musk agreed Saturday to step down as chairman of Tesla and pay a $20 million fine in a deal to settle charges brought this week by the Securities and Exchange Commission.

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Aug 14, 2025 - 23:00
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Elon Musk agreed Saturday to step down as chairman of Tesla and pay a $20 million fine in a deal to settle charges brought this week by the Securities and Exchange Commission.
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