The email was viewed by Bloomberg, which reports that it was written by Elon Musk to Tesla employees.
According to the legal docs. He has 45 days to relinquish his chairman title.
If Musk had accepted the agreement, Tesla would have been forced to appoint two new independent directors to its board of directors. After Musk's tweet, Tesla's stock jumped by over 6 percent on August 7, the SEC said.
It remains unknown who started the shop, or if funds made from selling the products will help cover billionaire Musk's defense fund.
In a complaint filed in federal court in Manhattan, the agency said Musk either "knew or was reckless in not knowing" that a series of statements he made about taking his company private were false or misleading. Based on that conversation, the bank says "the DOJ's involvement depends on proving the Musk tweet was meant to manipulate the stock".
The Tesla CEO who made his fortune and his renegade-genius reputation by bursting through the barriers of conventional thinking faces a humiliating comedown as government regulators try to oust him from the company in a lawsuit accusing him of duping the electric vehicle maker's stockholders.
Tesla did not immediately reply to CNN's request for comment.
"It's going to be a very long and challenging period for him and the company", Charles M. Elson, director of the John L. Weinberg Center for Corporate Governance at the University of DE, told ABC News.
Musk's tweets saw Tesla's stock jump by more than six per cent on August 7, but the price crashed by more than 13 per cent when the SEC filed its complaint.
Musk, 47, is the public face of Tesla, and has driven it to the verge of profitability with a costly ramp-up of production of its Model 3 sedan over the past year.
Musk last month in a blog said he left a July 31 meeting with the fund's managing director "with no question that a deal with the Saudi sovereign fund could be closed".
Tesla stock plunged 14 percent to $264.77 Friday, wiping out $7.3 billion in shareholder value.
The Silicon Valley billionaire, who within three weeks of the tweets had abandoned the plan to delist Tesla, said overnight he had done nothing wrong and the company's board reiterated its support for him.
Some analysts are concerned about what Musk departure could do to Tesla's stock.
Ms Constand wrote that Cosby's 2004 attack on her was just "the tip of the iceberg" for the suffering that followed. Cosby is now free on US$1-million bail until he's sentenced, which is expected to happen Tuesday.
Match-ups will be determined one after the end of each day's play through the exchange of lineup cards by the captains. Three points per match are on offer tomorrow, with the first team to 13 points lifting the trophy.
Ashley Kelty, oil analyst at financial services firm Cantor Fitzgerald said crude could soon hit US$90 per barrel. The back drop: Starting on November 4, the US will target Iran's oil exports with sanctions.
Ford also during her sworn testimony that she was "100 percent" certain that it was Kavanaugh who attacked her. Ford said she later allowed Eshoo's office to forward the letter and a request for confidentiality to Sen.
In her statement, Swetnick also mentions that she watched Brett Kavanaugh's interview on Fox News earlier this week. "If Dr. Blasey's allegation is true, the assault and Judge Kavanaugh's denial of it mean that he should not be seated on the U.S.
Her serve wavered in the fifth game, however, allowing Pliskova to win the first break point of the match and take a 3-2 lead. Open champ Naomi Osaka a 6-4, 6-4 defeat to claim the title at the Toray Pan Pacific Open in Tokyo .
CARACAS-Venezuelan President Nicolas Maduro headed for NY on Wednesday to attend the United Nations General Assembly and U.S. Eleven of the Latin American nations signed a joint statement calling for more funding to tackle Venezuela's migrant crisis.
Congress has until the end of the month to approve any trade deals, which means Canada may have to wait until lawmakers reconvene. President Trump confirmed Wednesday he rejected the opportunity to meet privately with Canadian Prime Minister Justin Trudeau.
Germany to host Euro 2024
On Thursday afternoon, UEFA confirmed that the German bid had beaten the Turkish bid to host the 2024 tournament. The UEFA Executive Committee will meet in Nyon, Switzerland , on September 27 to choose the EURO 2024 host.
Oil prices surge as Saudis, Russia won't open spigots
They have reportedly been discussing raising output by half a million barrels a day to counter falling supply from Iran . Output fell below those targets this year, and in June the same countries agreed to boost the oil supply.