Elon Musk, co-founder and chief executive officer of Tesla Inc., pictured in December, has been accused by the Securities and Exchange Commission of violating a settlement over last year's misleading tweets.
Tesla CEO Elon Musk has agreed to step down as chairman of the electric-car company as part of a settlement to resolve a securities fraud charge lobbed by the SEC on Thursday.
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People look at cars at a Tesla showroom in New York City. Tesla CEO Elon Musk, reportedly under scrutiny by federal regulators for earlier statements, says Saudi Arabia's sovereign wealth fund is looking to diversify away from oil with a bigger investment in the electric car company.
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Tesla Motors CEO Elon Musk is considering taking the company private, saying it would be less distracting that the "enormous pressure" of meeting quarterly financial targets.
The interior of a Tesla Model X 75D semi-autonomous electric vehicle is shown in January 2017. The company's autopilot system has been engaged at the time of a number of accidents, including a crash that killed the driver in California in March, but the company emphasizes the system can't be relied on to prevent collisions.
Ted S. Warren/AP
The driver of the Tesla Model S told police the car was in Autopilot mode as it rammed into a Utah fire department truck on May 11 in South Jordan, Utah.
South Jordan Police Department via AP