U.S. Judge approves settlement between SEC, Musk

(Reuters) - A U.S. judge on Tuesday approved the settlement between the Securities and Exchange Commission, Tesla Inc and its Chief Executive Officer Elon Musk.

Musk agreed to pay a $20 million fine and step aside as Tesla's chairman for three years to settle charges that could have forced his exit from Tesla.

The company also accepted a $20 million fine, despite not being charged with fraud.

(Reporting by Munsif Vengattil in Bengaluru; Editing by Arun Koyyur)