In addition, Tesla must replace Musk with an independent chairman; Musk can't be considered as chairman for at least three years.
Mr Musk initially responded to the charges by saying the action was "unjustified" and he acted in the "best interests of truth, transparency and investors". The SEC said the company had no way to determine if his tweets contained information that must be disclosed in corporate filings, or if they contained complete and accurate information.
He wrote he had "funding secured" for the proposal, which would value Tesla at $420 per share.
But Musk, who is synonymous with the Tesla brand, will remain as chief executive under the settlement over tweets he posted on August 7 about taking the company private, the SEC said.
Trump backs embattled court nominee after fiery hearing
Other politicians also immediately took to social media after the hearing, including former Democratic presidential candidate Sen. Kavanaugh on Wednesday once again rejected the allegations as "last minute smears" that were "false and uncorroborated".
China cancels trade talks with US
The effort crumbled a week after Trump tweeted the White House felt "no pressure" to resolve the dispute with China. China has responded with tariffs on USA goods worth $110 billion and declined an invitation for talks this week.
Tesla has agreed to settle the complaint with the SEC and will appoint two new independent directors to its board.
Under the terms of the deal, he will also have to comply with company communications procedures when tweeting about the firm. This likely means an end to his off the cuff remarks which include calling a rescuer a "pedo" guy. In similar fashion to the Musk settlement, those funds will be used to compensate investors.
The tweet caused Tesla's stock price to jump by over 6 percent that day "and led to significant market disruption", the agency says. Neither Musk nor Tesla admitted or denied the SEC's findings as part of the settlement. Speaking of the settlements, both are still subject to court approval.
Trump said he was "OK with that", but again defended Kavanaugh as a "gem" and said that Democrats are treating him unfairly. Speaking on Fox News on Monday night, he said: "I have never sexually assaulted anyone, not in high school, not ever".
Sophie Turner's Jean Grey takes centre stage as we see her development into a young woman struggling with deep conflict. Once she returns home, this force not only makes her infinitely more powerful, but far more unstable.
Tanushree's allegations come a day after she alleged that she had been mistreated on the sets of her 2008 film Horn OK Please . But apart from making her want to distance herself from the industry, the incident also impacted the actress's psyche.
The pair will go head-to-head in the Premier League and the Carabao Cup, being the two form sides in England right now. It's not really hard . "It's only because the game is so quick and so intense that it needs to get natural".
For months, Saudi Arabia had led investors to believe that it was comfortable with Brent crude oil at about $80 per barrel. The market was "increasingly concerned about dwindling (U.S.) inventories", ANZ bank said on Monday.
She closed the collection by walking the runway herself, arm-in-arm with 1990s models including Carla Bruni and Cindy Crawford. Versace has been pushing for an initial public offering, or IPO, but they failed to reach the goal due to a fluctuating market.
Danny Welbeck believes he is back up to speed at Arsenal after a truncated pre-season because of the World Cup. Emery delighted in the victory post-match, while also saluting Welbeck , who played a key role in the win.
Lisa Murkowski, R-Alaska, another potential swing vote, said it was hard to assess Ramirez's credibility at this point. Kavanaugh, interviewed with his wife, said Trump called him Monday afternoon "and he said he's standing by me".
Judge has denied Ford's claims, and Mother Jones reports that Judge's lawyer says he also denies Swetnick's allegations. Swetnick wants an FBI investigation of her accusation against President Donald Trump's Supreme Court nominee.
Patrick Leahy (D-Vt.) suggesting that Ford's testimony could have a tangible effect on sexual assault survivors across the nation. The scene during the more than eight hour hearing was unlike any congressional proceeding in recent history.
As China called off planned trade talks with USA officials, the latest round of retaliatory tariffs went into effect on Monday. Beijing is open to negotiations but whether they proceed is up to Washington , said a deputy commerce minister, Wang Shouwen.
Tesla is making its own car carriers
This comes after the intense pressure being placed on Musk to prove that the company can deliver its promises. They were told the electric cars weren't there to stay, as in flying off the shelves, much to their dismay.
Leonard eases nerves on Raptors media day
Lowry insisted that it's not a reflection of how he feels about the changes or the Raptors as an organization. Kawhi Leonard said he's focused on the coming season with the Toronto Raptors and not his future.
Pogba: Sanchez will deliver at Man United
However, this only accounts for a fraction of the times he has lost the ball and shows that his risks are not coming off. Then there were a few more mistakes and not a lot of movement in front because we didn't really put them in trouble.