Elon Musk announces bid to produce Tesla-branded Tequila

It all started as an April Fools' Day prank

Tesla confirmed the settlement by declined to comment further. The company will pay US$20 million and Musk will also pay US$20 million.

Musk is also required to step down as Chairman of the electric vehicle innovator, for a period of three years.

The lawsuit, which cites e-Mails and text messages between Mr. Musk and Tesla executives, quoted him as saying he thought his girlfriend, performance artist "Grimes" "would find it amusing, which admittedly is not a great reason to pick a price". James Murdoch comes in place of Elon Musk who had to step down from his post of the company's Chairmanship in the previous month. He has brought the world an easy payment system with PayPal, the ability for civilians to go to space with SpaceX, intelligent electric cars with Tesla, and clean energy with SolarCity. Last week, Musk said the Boring Company would sell interlocking, Lego-style bricksmade from rock and soil displaced by the company's tunnel-digging machines.




On Oct. 4, just hours after the court ordered him and the SEC to explain why their settlement was fair and reasonable, Musk appeared to mock the SEC on Twitter. "And the name change is so on point!"

The commission stated that "Musk's misleading tweets caused Tesla's stock price to jump by over six percent on August 7, and led to significant market disruption".

Musk has gained legions of fans for his bold approach to business and technology, using his 23 million Twitter followers to promote Tesla, his rocket company SpaceX, and tunnel venture Boring Co. The plan also calls for the naming of two new independent directors. Teslaquila. Obviously, filing a trademark does not necessarily mean a product will come to fruition, but Musk has been flirting with this idea for a while now.

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