Elon Musk Dodges a Bullet. 3 Things to Know Today. Stay in the know in 60 seconds.

By Dan Bova

  1. As a part of a settlement with the SEC about claims of misleading investors, Elon Musk has agreed to step down as Chairman of Tesla and pay a $20 million fine--but he gets to stay on as CEO. In response to the settlement, he tweeted a link to the seminal 1990s hip-hop classic, "OPP". We won't even ask you if you are down.
  2. The Department of Justice has filed a lawsuit against California to block its new net neutrality law, which would prevent internet service providers from blocking or slowing specific types of content. The Justice Department called California's new legislation "extreme," "illegal," and "burdensome" on internet providers, according to The Verge.
  3. Also in California news, a new law enacted this weekend requires publicly traded firms to have at least one woman on their board of directors by the end of 2019 — or face a penalty.

Have a great day!

Dan Bova

Entrepreneur Staff

VP of Special Projects

Dan Bova is the VP of Special Projects at Entrepreneur.com. He previously worked at Jimmy Kimmel Live, Maxim, and Spy magazine. His latest books for kids include This Day in History, Car and Driver's Trivia ZoneRoad & Track Crew's Big & Fast Cars, The Big Little Book of Awesome Stuff, and Wendell the Werewolf

Read his humor column This Should Be Fun if you want to feel better about yourself.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

She Quit Her Job at Trader Joe's After Starting a Side Hustle With $800 — Then She and Her Brother Grew the Business to $20 Million

Jaime Holm and Matt Hannula teamed up to build a business in an industry that "didn't exist" yet.

Buying / Investing in Business

Former Zillow Execs Target $1.3T Market

Co-ownership is creating big opportunities for entrepreneurs.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Growing a Business

This Local Bakery Has Lines Out the Door. Here Are the Secrets to Its Success.

Known for its viral flat croissants and innovative desserts, Alexander's Patisserie also excels in hands-on leadership and team culture.

Business News

Nissan Is Doubling Its Initial Layoff Announcement, Cutting 20,000 Jobs: 'A Wake-Up Call'

The automaker is dealing with slowing sales and a recent failed merger with Honda.

Business News

'The Worst Time of My Life': $100 Million Deli Fraudster Sentenced to Prison

North Carolina businessman Peter Coker Sr. faces prison time and massive fines for his part in a scheme to defraud investors.