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By EFE
The founder and CEO of Tesla, Elon Musk, plans to invest 20 million US dollars in shares of the electric car manufacturer, according to a document submitted Wednesday to the US authorities by the company.
Tesla explained to the Securities and Exchange Commission (SEC) its agreement with Musk, approved Tuesday by a judge, which avoids a fraudulent claim against him following tweets that he published in August about its intention to delete at the signing of the scholarship.
Among other things, both parties agreed to pay $ 20 million in fines, to replace Musk as chairman of the board, where he will be away for three years, and to strengthen control over their communications. In addition, the document states that "separately and apart from the agreement", Musk has notified the manufacturer that he would like to invest in its capital, so he expects an exchange in the l & 39; ;business.
next commercial opportunity.
"Tesla intends to issue and sell in Elon (Musk) $ 20 million of Tesla common stock over the next trading window at the current market price," the firm said.
The US entrepreneur is major shareholder of the California company, he holds $ 9,000 million worth of stock, which accounted for some 33 million items on the day of publication of the document this morning.
After the news, before the start of Friday's session on Wall Street. Tesla shares rose 2% in previous electronic transactions, but then kept pace with the markets and their value depreciated by 1.74% at Nasdaq.
The agreement, announced on September 29 and approved by Justice Alison Nathan, would benefit the automaker's investors, as the judge SEC, Tesla and Musk told the judge.
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