*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.
Mbye Njie, an activist and founder of the Legal Equalizer app, joined Cheddar to explain how the product might help Black and minority drivers and police officers alike during a traffic stop.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
After years of treating President Donald Trump’s inflammatory rhetoric with a light touch, Facebook and Instagram are silencing his social media accounts for the rest of his presidency.
The newly formed Alphabet Workers Union is looking to bring back the days in Google's company culture when workers were lauded for dissent on ethical and moral grounds.
This crowdfunded accessory is lightweight, durable, and attaches to any laptop, so you can work with two screens from anywhere (and it's on sale).
Apple is planning to ask users to opt into allowing companies to use their mobile IDs, known as IDFA or identifier for advertisers. But what will this mean for the future of marketing?
This highly-rated storage service is coveted for being six times faster than Amazon storage, not to mention reliable and extremely easy to use.
SocialFlow tracked clicks per million residents on runoff-related stories in the two weeks leading up to the election, which will ultimately decide which political party will control the Senate.
The award-winning streaming library features thousands of top documentaries covering myriad topics, including history, nature, science, lifestyle and more.
A group of Google engineers announced Monday they have formed a union, creating a rare foothold for the labor movement in the tech industry.
