A solution to China’s current 40 percent import tariff on Tesla cars.
Musk has agreed to step down as chairman.
He will remain CEO of the company.
He claimed that accepting the settlement wouldn’t be “truthful to himself.”
Following his tweet of taking the company private earlier this year.
The latest lifestyle product from Tesla.
In a spirited bid to ramp up production/sales numbers.
Tesla stock has subsequently fallen by 9 percent.
Currently, “the fastest production car ever made.”
Weeks after Musk said he was considering to take the company private.
Learn more about how the Model 3 is made.