The following year Musk made a series of tweets about taking Tesla private, 

claiming that he had secured funding. In September 2018 the U.S. Securities and

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Exchange Commission (SEC) charged him with securities fraud,

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alleging that his tweets were “false and misleading.” Later that month

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Tesla’s board rejected a proposed settlement from the SEC,

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reportedly after Musk threatened to resign. However,

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news of the rejected deal sent Tesla’s stock plummeting, and the board quickly

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the terms of which included Musk stepping down as chairman for at

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least three years and that his tweets were to be pre-approved by

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