Musk to resign as Tesla chairman, pay US$20 million fine in settlement

23 Sept 05:59 Key points summarised by AI

Elon Musk agrees to resign as Tesla's chairman and pay a $20 million fine as part of a settlement with the Securities and Exchange Commission (SEC).
Tesla will also pay a $20 million fine and is required to appoint two new independent directors to its board, while Musk will retain his role as CEO.
The settlement addresses SEC allegations that Musk misled investors with August 7 tweets claiming he was considering taking Tesla private and had secured funding.
This agreement is largely seen as a relief for investors, ending concerns over a protracted legal battle and potentially strengthening Tesla's corporate governance.

Suspected drug couriers killed in Phetchaburi; half a tonne of Ice seized

Yesterday 16:06 Key points summarised by AI

Two suspected drug couriers were killed in a shootout with narcotics officers in Phetchaburi province.
Authorities seized approximately half a tonne of crystal methamphetamine, also known as Ice, during the operation.
The incident occurred on Tuesday night after officers tracked a network suspected of transporting large quantities of drugs to southern Thailand.
The suspects, identified as Chattharin and Rungarun, both 27, opened fire when confronted by officers, who returned fire, resulting in their deaths.