With Settlement Approved, Elon Musk Has 45 Days to Vacate the Chairman’s Seat

Tesla CEO Elon Musk will soon be gone as company’s chairman, but a replacement — someone who’ll need to occupy the position for three years — has yet to be named. The hourglass was flipped after U.S. District Judge Alison Nathan approved a settlement between Musk and his company and the U.S. Securities and Exchange Commission Tuesday. Musk […]

SEC Brushes Off Elon Musk’s Tweet, Signs Off on Original Settlement

Tesla CEO Elon Musk’s brilliant idea to call the Securities and Exchange Commission the “Shortseller Enrichment Commission” in a recent tweet did not land the impulsive executive in any additional hot water. The SEC, which decided that removing Musk from the chairman’s position and fining both him and the company $ 20 million was sufficient […]

A Wall Street analyst just toured the Tesla factory, and says the SEC’s settlement with Elon Musk is overshadowing beefed-up Model 3 production (TSLA)

Benjamin Zhang/Business Insider Tesla hit the headlines again last week following the SEC’s lawsuit and subsequent settlement with its CEO Elon Musk.  One Wall Street analyst who recently toured Tesla’s Fremont, California factory says that the regulatory news is overshadowing significant upgrades at the facility.  Now all focus is on the company’s ability to deliver cars […]

Thousands of Uber drivers set to get $75, before lawyers’ fees, in settlement

Enlarge / The Uber Technologies Inc. logo is seen on the windshield of a vehicle in New York on Thursday, Aug. 9, 2018. (credit: John Taggart/Bloomberg via Getty Images) Lawyers representing over 4,500 Uber drivers who claim they were consistently underpaid by the company have now asked a federal judge to approve a settlement. If […]

Spanish tax authorities reduce Cristiano Ronaldo tax settlement by $2.2 million – report

The former Real Madrid player Cristiano Ronaldo had been issued with a fine of $ 21.4 million after being found to have breached Spanish tax laws, but this sum has been reduced by Spanish tax authorities, El Mundo reports. Read more The arrangement between the tax authorities and Ronaldo, who recently signed for Italian champions […]

17yo Palestinian kills 1, injures 2 Israelis in knife attack in West Bank settlement

One person has been killed and two injured in the latest stabbing attack, this time carried out by a 17-year-old Palestinian, who entered an Israeli settlement in the West Bank for his attack and who was killed during the act. The attack by the young Palestinian, who was later identified as Muhammad Tareq Yusuf, happened […]