Tesla CEO Elon Musk settles with SEC, fined $40M and will step down as chairman

Tesla Motors CEO Elon Musk at Tesla Store opening in Westfield Mall, London, Oct 2013Tesla 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…

Buy Michael Andretti’s barely used Dodge Demon

2018 Dodge Challenger SRT Demon owned by Michael AndrettiIf 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…