The billionaire, who is also CEO of Tesla, recently lost a Twitter poll he started with a staggering 57.5 percent people asking him to step down
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Elon Musk to resign as chair of Tesla board but remain CEO
SEC had charged Musk with securities fraud, alleging that he misled investors when he tweeted on August 7 that he had “funding secured” to privatise the electric automaker at $420 a share.