FOX BIZ NEWS: Tesla CEO Elon Musk, company settle fraud suit for $40M

Tesla CEO Elon Musk, company settle fraud suit for $40M



Tesla CEO Elon Musk and the electric car company have agreed to pay a total of $40 million and make a series of concessions to settle a government lawsuit alleging Musk duped investors with misleading statements about a proposed buyout of the company.