Musk to Step Down as Tesla Chairman - Adviser Investments

Musk to Step Down as Tesla Chairman

Senior Vice President Chris Keith has the market analysis for Friday, September 28. There was fractional movement for the Dow Jones Industrial Average, S&P 500 and NASDAQ. Notably, Tesla dropped 14%, or $43 per share, following the Securities and Exchange Commission’s announced settlement with founder Elon Musk. Among other things, the agreement requires Musk to step down as chairman within 45 days. Musk is ineligible to be re-elected to that role for three years; however, he can remain Tesla’s CEO.

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