Tesla and Musk ended up reaching a settlement with the SEC. As part of the settlement, Musk agreed to step down from the role of Chairman of the board and both Tesla and Musk had to each pay $20 million fines. The CEO presumably didn’t want Tesla to have to pay for his issue with the SEC and while he couldn’t directly pay for Tesla’s part of the fine, he decided to buy $20 million worth of shares from Tesla. That way, he sort of indirectly ended up paying for Tesla’s fine – though he also ended up with ~71,000 additional Tesla shares in the process. Musk has the Last Laugh Now fast forward two years later and Tesla’s ... (full story)