Is Elon Musk’s $40M SEC Payment Deductible? Tax Expert Rob Wood Explains the Law
By now, you probably know that Elon Musk’s tweets about taking Tesla private caused tumult in the stock market and moved the SEC to file a lawsuit. The lawsuit was settled on October 16, with Musk and Tesla each agreeing to pay $20 million to the SEC and with Musk agreeing to step aside as chairman