Tech giant Elon Musk is resigning as Tesla’s chairman but will remain as CEO after he settled charges with the Securities and Exchange Commission, according to documents. Musk will reportedly have to pay a civil penalty of $20 million after he made a series of “false and misleading” tweets about potentially taking his car company private, according to the SEC. This is a developing story.

Source: Huffington Post September 29, 2018 21:56 UTC