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What really got folks's attention though was Musk's tweet in early August, saying he was "considering" taking Tesla private and had enough funds secured to purchase the corporate at $420 per share. (He stated he arrived at the quantity by rounding up from $419 per share, but it's onerous not to see it as a pot joke.) The Securities and Trade Commission got involved when it turned out the funding wasn't secured, issuing a subpoena because it investigated whether or not Musk had "deliberately misled traders." In September, Tesla and Musk settled with the SEC, paying a combined $forty million high quality. Musk additionally agreed to step down as chairman of Tesla, appoint two New York escort agency unbiased administrators to the corporate's board and create a committee of unbiased directors to oversee Musk's communications (i.e. his tweets).

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