Tesla and its CEO Elon Musk settled a lawsuit with the Securities and Exchange Commission on Saturday that will result in a $40 million fine and a new chairman of Tesla’s board of directors. The lawsuit was filed after Musk claimed “funding secured” in tweet as he floated the idea of taking the automaker private on Aug. 7. DON’T MISS: DOJ wants to…

If someone gifted you a car, would you drive it? I assume you would. Especially if that car happens to be an 840-horsepower Dodge Challenger SRT Demon. Michael Andretti has access to all sorts of cars, so when he’s given a Demon he doesn’t need to drive it. That’s why his car is heading to auction with just 13 miles on its odometer. This yellow…

The Lotus headquarters will soon undergo a transformation. The company has submitted plans for a new customer experience center, heritage center and museum. Lotus’ Friday announcement comes as the company celebrates 70 years since founder Colin Chapman built his first car, and the Hethel, England headquarters plan comes as the latest investment in…