According to Business Insider, Elon Musk has resigned from Tesla's board as part of a settlement with the SEC.<br />The Securities and Exchange Commission sued Musk and Tesla last week due to a tweet the eccentric CEO published about taking the company private.<br />Musk tweeted that he secured funding to take Tesla private at $420 a share, but those plans quickly eroded.<br />After investigating the deal, the SEC filed a lawsuit accusing Musk of fraud. <br />
