Stay updated with news in shorts, Stay informed with current affairs

Elon Musk agrees to step down as Tesla Chairman and pay 20 million fine

Tech billionaire Elon Musk step down as chairman of the Tesla company for three years and pay a $20 million fine. Musk said that he had "funding secured" for a buyout of the electric-car company at $420 a share, Musk will be allowed to stay as CEO but must leave his role as chairman of the board within 45 days, Tesla in recent years has become one of the most valuable American car maker, with its stock worth more than $50 billion.

Read Full at
October 01 2018
You may also READ