In another turn of events between the SEO and Elon Musk, Musk has now stated that he in no way violated the settlement agreement.
Earlier Musk was also forced out as the Tesla Chairman and pay a whooping fine of $20 million.
This made way for the settlement in September last year.
In his justification, Musk argues that the settlement allows him the freedom to determine if the tweets would be material or not.
Musk’s team reads the agreement as there is an “obligation on the executive to make an initial, good faith determination as to whether a particular tweet required per-approval”.
To add to the argument, SEC is of the view that Musk is taking too free approach whereas the SEC has way more strict interpretation of the agreement.
Indicating a drastic change in the sales strategy, Tesla is moving all its sales online.
The primary reason that comes in the mind for this move is to bring a cheaper Model 3 to the market.
This move surely implies that some layoffs and closure of stores are on the way.
Stating that some stores would change into information stores, Elon Musk indicated that not all stores would shut down.
Having said that, no exact information has been captured as to the number of stores to go under the hammer of closing.
Speaking about the move Elon Musk was of the view that, ”We will be closing some stores and that will be some reduction in headcount as a result.
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Bitcoin and Crypto Markets Widely Thought
The report, that was printed Associate in Nursingd conducted by Bitwise – a crypto plus management firm – passed when the firm submitted a Bitcoin-based ETF application to the Securities and Exchange Commission (SEC) and offers an in-depth consider several of the most important topics presently close the new and quickly evolving crypto business.
In a section of the report titled “The Bitcoin Market Is a lot of Regulated and Surveilled Than is usually Understood,” Bitwise explains that the crypto markets are in reality regulated – in an exceedingly bound regard.
“We aren't implying that bitcoin spot exchanges are ‘regulated markets’ or that they're on Associate in Nursing equal status with national securities exchanges or futures exchanges, however rather that the…exchanges highlighted earlier interface with different varieties of regulation,” the report explicit.
One such sort of regulation that Bitwise notes exchanges are presently interfacing with is that the Financial Crimes Enforcement Network demand that crypto exchanges register as cash Services Business (MSB), a demand that has been in situ since 2013.
As a MSB, exchanges ar subjected to an excessiveness of strict restrictive needs.
Last month, when Elon Musk’s Tesla announced about the launching of cheap solar roofs, it must have sent a jitter down the spines to fabricators of shelter structures and metal canopies.
It is even tough, to decide which design will be accepted by their customers based on its features, adaptability and usability.
These challenges keep elongating the time between the initiation of order receipt for fabrication and completion of final fabricated product.
Furthermore, B2B software industry is accelerating its transition to software-as-a-service, while industries increasingly adopt 3-D parametric modeling, simulation and collaboration solutions — transforming the way designers, drafters, engineers and many other design professionals design things.
It has brought these professionals to develop only a standardized model in SolidWorks which can then be modified further for customization with developed logical set of rules in DriveWorks.
It also eliminates engineering changes originating from shop floor, since all the designs populated to configurator are according to custom tooling capacity of the fabricator only.
