Breaking News Elon Musk to step down as chairman of Tesla, pay $20M in penalties in SEC settlement The Securities and Exchange Commission has settled securities fraud charges with Tesla CEO Elon Musk, who will remain at the head of the company, while stepping down as chairman of the electric-car maker, according to a news release from the SEC. More on this For more news, please go to FoxNews.com and watch Fox News Channel.

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