*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.
Virgin Hyperloop has completed its first human test run yesterday in the Las Vegas desert, moving two people 500m in 15 seconds at 107 mph. Josh Giegel, co-founder and CTO, joined Cheddar to discuss the landmark moment and the technology behind the hyperloop.
John Matze, CEO of Parler, says he welcomes Republicans and Democrats alike to create "discussion, debate, and discourse" on the popular "free speech social network."
Federal regulators are requiring Zoom to strengthen its security in a proposed settlement of allegations that the video conferencing service misled users about its level of security for meetings.
Gaming accessory manufacturer, Turtle Beach, is coming off of a record Q3 earnings report. CEO Juergen Stark joined Cheddar to discuss the company's growth and expectations for the PS5 and Xbox Series X..
Digital political ads , while not the primary source for campaigns, are growing in popularity. Cheddar's Michelle Castillo takes a look at how Facebook's political ad policies are being implemented.
Ryan Merkley, Wikimedia Foundation's chief of staff, joined Cheddar to discuss how Wikipedia is combating the spread of misinformation on Election Day.
DoorDash is getting into the growing prescription drug delivery business through a partnership with wholesale giant Sam's Club.
San Francisco has a population of over 883,000 residents, but it only has two cemeteries for the entire city. But neither of them perform active burials. So why are bodies showing up under the city?
WHOOP is now valued at $1.2 billion after raising $100 million in Series E Funding. Will Ahmed, founder and CEO, joined Cheddar to discuss the success of the brand as people become more attentive of their health.
Five technology giants are reporting earnings Thursday, providing the latest indication of whether they are rebounding from an economic slowdown earlier this year.
