With the benefit of my prior experience, I feel better equipped to establish a strong culture of compliance and effective internal controls under the supervision of capable professionals. Laplanche did comment on the settlement that Tesla CEO Elon Musk reached with the SEC this past weekend, in which Musk agreed to step down as Tesla's chairman and pay a $20 million fine after being charged with making "false and misleading statements" to investors on his Twitter account when he said he had secured funding to take the company private. Musk, too, settled without admitting or denying the allegations of the complaint.