Oct 1st, 2018

Elon Musk Will Step Down as Tesla Chairman

Just days after the SEC charged Elon Musk over securities fraud linked to his August 6 "funding secured" tweet, Musk and Tesla both settled and agreed to pay $40 million in fines, bring on two new independent directors and an independent chairman. Musk himself must step down from that role in 45 days. Ramy Inocencio reports on "Bloomberg Daybreak: Asia." (Source: Bloomberg)