Elon Musk forced to step down as chairman of Tesla, remains CEO

Elon Musk has reached a settlement with the Securities and Exchange Commission on the charges filed earlier this week over his abandoned attempt to take Tesla private. Musk will have to step down as the chairman of Tesla within 45 days, and will not be able to take that role with the company again for three years. He will be able to remain Tesla’s CEO during that time.

Musk has also agreed to pay a $20 million fine, and Tesla is being made to appoint two new independent directors to the company’s board.

Developing...

Continue reading…



from The Verge - All Posts https://ift.tt/2DDSVSI

Comments

Post a Comment

Popular posts from this blog

Gemini app finally expands to audio files

Image
Google made three major updates to its Gemini-powered products on Monday: The Gemini app now accepts audio files; Search can handle five new languages; and NotebookLM creates reports in the form of blog posts, study guides, quizzes, and more.  According to a Monday post on X by Josh Woodward, vice president of Google Labs and Gemini, audio file compatibility was the “#1 request” to the Gemini app.  Free Gemini users max out at 10 minutes of audio, and five free prompts each day. AI Pro or AI Ultra users, meanwhile, can upload audio up to three hours in length. All Gemini prompts accommodate up to 10 files across various file formats, including within ZIP files.  Additionally, Google Search’s AI Mode has rolled out five new language options: Hindi, Indonesian, Japanese, Korean, and Brazilian Portuguese, thanks to the integration of Gemini 2.5 with Search, according to a company blog : “With this expansion, more people can now use AI Mode to ask complex questions in ...
Read more

Everything We Got Out Of Nacon Connect

Image
Earlier today, French publisher, Nacon held their online digital event, Nacon Connect, to give an insight into their upcoming titles and hardware that they were working on. Unlike other gaming events up until now, this one was a standalone event. Meaning, it was not part of the Summer Game Fest. The event had some super cool announcements including RiMS Racing - a motorcycle simulation game with tons of customization options coming out in 2021, Roguebook a roguelike deck-building card game, Tennis World Tour 2 and Warhammer: Chaosbane coming to the next-gen consoles. On the hardware side, Nacon announced new upcoming peripherals in partnership with RIG and Microsoft. With that out of the way, let us now take a look at the games that were revealed at Nacon Connect: Vampire: The Masquerade - Swansong The first reveal comes from Big Bad Wolf Studio, who announced the all-new story-driven choice-based RPG game, Vampire: The Masquerade - Swansong. In the game, you play as 3 vampires, each...
Read more

Apple Watch Series 8, SE 2, and Ultra hands-on: triple the fun

Image
The Apple Watch Ultra has a 49mm case and a flat sapphire crystal display. | Photo by Chris Welch / The Verge Today was a big day for Apple wearables. Not only did Apple announce the brand-new Series 8 , but it also refreshed the SE and unveiled the rugged Apple Watch Ultra . In other words, we have a totally new Apple Watch lineup. The Apple Watch Ultra is the star of the show because it isn’t something we’ve seen before. It’s got a big honking 49mm rectangular display, which... truly is in a class of its own. Not only is it the biggest Apple Watch screen, but it’s also the brightest at 2,000 nits. As for how that wrist slab feels, it was actually lighter on my wrist than I’d expected, probably because its case is made of titanium. But make no mistake — it is a BIG watch. Another thing that’s immediately apparent is the design tweaks Apple’s... Continue reading… from The Verge - All Posts https://ift.tt/VDn6zrE
Read more