Elon Musk Threatened To Resign If Not Supported By Board
- 6 years ago
According to Business Insider, Tesla CEO Elon Musk initially said he would resign if Tesla's board accepted a settlement offered by the Securities and Exchange Commission. The SEC filed a lawsuit against Musk over "false and misleading statements" he tweeted about taking the company private in August.
According to reports, the SEC initially offered the Tesla board a settlement prior to filing the suit, but Musk demanded the board reject the settlement and back him, or he would resign on the spot.
According to reports, the SEC initially offered the Tesla board a settlement prior to filing the suit, but Musk demanded the board reject the settlement and back him, or he would resign on the spot.