Elon Musk stands down as Tesla chairman in SEC settlement

Elon Musk will pay a hefty fine and stand down as Tesla chairman for three years, after a US Securities and Exchange Commission (SEC) investigation into his tweets about taking Tesla private. Musk will remain CEO of the the company, but has to stand down as chairman of the board. He and Tesla will also each have to pay a US$20 million ($27,600,000) fine, after agreeing to a deal with the SEC overnight.

Komentar

Posting Komentar

Postingan populer dari blog ini

Teacher accused of using rented Toyota Supra for land-speed record attempt

Gambar
A high-school teacher in the US could be more than $6000 out of pocket if he is found to have violated the terms of use of a rented Toyota Supra driven to a top speed record. A US high school teacher is facing legal action – and $US4000 ($AU6000) in costs – after being accused of renting a turbocharged Toyota Supra performance coupe from a car-sharing service and used the vehicle in a racing competition without the owner’s knowledge. The high-school teacher from Indiana – and his team of female mechanic students – were on their way to compete in the 2023 U.S. Mile land-speed trials in Texas last month. The girls and their teacher had built a high-performance Chevrolet S10 pick-up for the ‘Texas Mile’ – a competition which sees vehicles try to achieve the highest possible speed from a standing start within one-mile (1.6km) on a runway. However, the 1997 Chevrolet S-10 ute suffered a mechanical failure on the way to the event. Due to the hard work put in to make the 1800km j
Baca selengkapnya

‘Smells Like WD-40’ – lubricant spray now a fragrance

Gambar
The smell of WD-40 – the multi-purpose lubricant spray used by mechanics and home handymen – is now available as a fragrance. Those who like to tinker with older cars will no doubt be familiar with the lubricating spray WD-40 – the penetrating oil that helps helps loosen, degrease, and protect nuts and bolts. The product is so versatile it’s become the stuff of legend, but it’s the smell of WD-40 that is arguably its most memorable feature – so much so, people on the internet have pretended to turn it into a perfume for years. Now, a very real cologne has been launched, called Smells Like WD-40. The Eau De Parfum is made by New York art collective MSCHF, who are known for creating spoof products designed to point out the absurdity of a particularly industry – in this case, the multi-billion-dollar world of luxury fragrances. According to Business Insider, MSCHF used to run non-traditional advertising campaigns for brands, but stopped in late 2019 to focus on its own projec
Baca selengkapnya

2023 LDV T60 Max price and specs: Prices up by more than $4000

Gambar
The LDV T60 has been hit with its second major price rise in 12 months to account for new equipment – but the ute still lacks key advanced safety tech. 2023 LDV T60 Max pricing and specifications New equipment for Pro and Luxe grades Only top 10 dual-cab ute without auto emergency braking Priced from $38,990 drive-away for ABN holders 2023 LDV T60 Max Luxe The updated 2023 LDV T60 Max has arrived in Australia with a $4000 price rise and some equipment upgrades – but it still lacks advanced safety technology which is standard in its rivals. LDV Australia has announced the T60 Max 4×4 ute has undergone a handful of tweaks for 2023 after its major facelift (and $5000 price hike) last year – resulting in a price increase of $4000 across the range for buyers with an ABN. But Australia’s ninth best-selling ute continues to forgo advanced safety tech such as forward collision warning, blind-spot monitoring and autonomous emergency braking – making the T60 the the only du
Baca selengkapnya