Musk to workers: Perform for profit, prove 'naysayers wrong'
TOKYO (AP) — Tesla founder Elon Musk is telling his employees to work hard on the last day of the quarter to prove "the naysayers wrong."
In a Sept. 30 email, filed with the U.S. Securities and Exchange Commission on Monday, Musk said the electric car maker is nearing profitability.
The commission had filed a lawsuit last week, saying Musk's tweet in August about taking the company private constituted securities fraud because Musk knew he hadn't lined up the money for the deal.
Musk reached a settlement with the regulators, announced Saturday. He is staying on as CEO, but gives up his chairmanship. The complaint had sought his removal as chief executive as well. Musk and Tesla will each pay $20 million to resolve the case.