Tesla shareholders to receive compensation fund from Musk’s SEC settlement

  • Approximately 3,350 qualifying shareholders might get compensation from a $42.3 million fund following CEO Elon Musk’s securities fraud settlement.
  • The fund was constructed after Musk’s controversial tweet about Tesla going private, which led to volatility in the stock and subsequent investor losses.
  • In addition to the substantial fine, the settlement included provisions for Musk’s social media communications to be vetted by a Tesla lawyer.
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