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Elon Musk Settles With SEC, Agrees To Step Down As Tesla Chairman

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. (Bloomberg via Getty Images)
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. (Bloomberg via Getty Images)

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