Elon Musk resigns ...

[P85_DA]

Tesla, Musk pay $40 million to settle Tweet charges, Musk to resign as chairman

 

[Zaxxon]

Way to click-bait. Still the CEO, which is the important piece.

 

[Eclectic]

He'll still be CEO, though, so what this will do is put a responsible adult in charge of the board to reign in Musk and keep him focused. Good outcome for all.

 

[P85_DA]

Way to click-bait. Still the CEO, which is the important piece.

Not meant as click bait mods can change title ..I’m too old for Instagram likes

 

[Piney999]

So, I read it as a monetary fine, and he is still CEO. Thats a tolerable solution.

 

[EternalChampion]

He'll still be CEO, though, so what this will do is put a responsible adult in charge of the board to reign in Musk and keep him focused. Good outcome for all.

Unless it's Kimbal or Lyndon

 

[sandpiper]

Unless it's Kimbal or Lyndon

Maybe they can get Bob Lutz!

 

[evster]

This outcome was MUCH better than expected. Actually this is really good news! Better to have someone else as chairman of the board and Elon as CEO. The fine, even if high for most of us, is peanuts in the big scheme of things. Both for Tesla and Elons private account
Stock will now move back in rocket speed. Starting on oMnday with this news and then later in the week after Q3 figures shown.... Exciting times

 

[Sg911]

Everything that happens has a purpose... this will give Elon some breathing room and maybe wiser delivery methods assistance ! Lol help !!

 

[Magellan55]

Agreed - good outcome. Apparently the SEC offered this earlier last week and he rejected it the first time, so they hit him with the formal complaint on Friday. Glad someone talked some sense into him. The biggest bruise from this will be to his ego. Otherwise, it should be all positive for Tesla the company and stock.

Big question of course is who will be the new Chair? Hopefully it will be a well-respected money guy, someone the banks will work with and the shorts will avoid messing with. Then they can fully capitalize their expansion overseas, new models, etc without the boat anchor they've had. Tesla can expand more quickly and stay ahead of the competition if they don't have to be cash positive.

 

[Garlan Garner]

Tesla, Musk pay $40 million to settle Tweet charges, Musk to resign as chairman

This thread should be deleted as the title is not true.

Stop being a jerk and wanting clicks.

 

[Garlan Garner]

This outcome was MUCH better than expected. Actually this is really good news! Better to have someone else as chairman of the board and Elon as CEO. The fine, even if high for most of us, is peanuts in the big scheme of things. Both for Tesla and Elons private account
Stock will now move back in rocket speed. Starting on oMnday with this news and then later in the week after Q3 figures shown.... Exciting times

I hope so....maybe the shorters have been defeated at last.

Will quote a great person ( myself ). Remove my enemy and I can no longer win the battle. ( sorry shorters ).

 

[Garlan Garner]

Not meant as click bait mods can change title ..I’m too old for Instagram likes

You want the shorters to win?

 

[Electroman]

Mods please ... change the title please ASAP

 

[Garlan Garner]

Mods please ... change the title please ASAP

Delete the thread altogether….there a others.