CXO

The top tech news of 2018, ranked

8. Elon Musk's "funding secured" fail

The Securities and Exchange Commission (SEC) sued Musk for fraud in September, claiming this August 7, 2018 tweet about securing private funding for Tesla was false and misleading.

Musk quickly settled the suit by agreeing to step down as Tesla's chairman and pay $40 million in penalties, among other stipulations.

SEE: Photo Galleries (TechRepublic Flipboard magazine)

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By Fox Van Allen

Fox Van Allen is a Los Angeles-based writer for CBS Interactive covering technology, tech lifestyle and gaming topics for GameSpot, CNET, ZDNet and TechRepublic. He has previously worked as a news and feature writer for a number of other sites, inclu...