*By Carlo Versano*
Shares of Tesla jumped more than 15 percent in the pre-market Monday on news that CEO Elon Musk settled a lawsuit with the SEC over Musk's social media use.
Under the terms of the settlement, Musk will step down as chairman of Tesla ($TSLA) for at least three years but can remain in the chief executive role. He and the company must each pay $20 million in fines. Two independent board members will also be appointed.
Federal regulators sued Musk last week, arguing that his infamous Aug. 7 "funding secured" tweet amounted to securities fraud. The lawsuit was filed after Musk reportedly scuttled a last-minute deal with the agency under which he would resign as chairman and pay a fine but not admit to any wrongdoing. Talks restarted soon after, and by Saturday a new settlement was in place.
The settlement takes care of one major headache for investors, who will now look to the car maker's third-quarter production and delivery numbers, which may be reported as early as Monday. Musk [reportedly] (https://www.cnbc.com/2018/09/30/elon-musk-tells-tesla-to-ignore-distractions-hints-at-profitability.html) emailed employees over the weekend, telling them to "ignore all distractions" and that the company was approaching profitability.
NASA on Friday is named its Washington headquarters after Mary W. Jackson, the space agency's first African American female engineer whose story was portrayed in the popular film "Hidden Figures."
Prabir Adarkar, DoorDash CFO, talked to Cheddar about the delivery service's long-term plans as food businesses and restaurants might be seeing the pandemic's end on the horizon.
Twitter CFO Ned Segal joined Cheddar to discuss how a new subscription model for content creators on the platform might translate into future revenues, alongside the platform's other strategies.
Dr. Mae Jemison, the first Black woman in space, spoke with Cheddar about how space provides the perspective of an interconnected global community.
Andy Purdy, chief security officer for the company's U.S. division, refuted reports that Huawei would be manufacturing electric cars of its own.
A designer named Robert Propst dreamed up what he called “The Action Office” as a groovy 1960s workplace utopia. This is how it all went so wrong.
The huge parachute used by NASA's Perseverance rover to land on Mars contained a secret message.
With platforms like Starz, Netflix, and Amazon paving the way, there are indications that 2021 could be a turning point in diversifying television, in front of and behind the camera.
KoBold Metals announced a partnership with Stanford University to improve mineral mining efficiency while also receiving investments from major players in the climate space such as Breakthrough Energy Ventures overseen by Bill Gates and Jeff Bezos.
The U.S. Postal Service says it has chosen Oshkosh Defense to build its next-generation mail-delivery vehicle.
