Can YOU help me spread the word about how awesome electric cars are? Click ? EVne.ws/patreon   Read today’s show notes on https://www.evnewsdaily.com   Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily for Monday 1st October 2018. It’s Martyn Lee here and I’ve been through EV story today so you don’t have to.   Thank you to MYEV.com for helping make this show, they’ve built the first marketplace specifically for Electric Vehicles. It’s a totally free marketplace that simplifies the buying and selling process, and help you learn about EVs along the way too.   ELON SETTLES, MOVES ON After saying over the weekend that I wouldn't comment about on-going legal action, that didn't last long! Elon Musk's fallout with the SEC about his "funding secured tweet" is all over and both parties have agreed to settle the lawsuit. The SEC has agreed on the settlement which makes clear Elon Musk doesn't have any suggestion of doing anything guilty levelled at him. Elon Musk is currently Chairman and CEO but has agreed to hand over the reigns of the Chairmanship within 45 days. Plus there's a $20million fine which I've seen people saying he won't even notice as he's a billionaire. Well that may be so, but $20m is a lot of money in anybody's language. Tesla as an organisation has also agreed to pay $20m. Once three years has passed Elon Musk is clear to be re-elected as the Chairman again should the company wish. There will also be two new independent directors appointed to the board. One of the strangest conditions will be the line that a new independent committee of directors will put in place controls on Elon's communications. There is a line in the settlement about pre-approved permission before Elon tweets anything material to the company, so I guess they need to work out what's material and what is just his Twitter. My take is this is the perfect solution to a hastily sent tweet. However this story didn't need to rumble on for months or perhaps even years, for one simple reason. Today. Today is the first day of a new quarter. And that means the Q3 numbers are locked in stone as of midnight last night. And we'll get onto that in a moment. But this story had the potential to overshadow any good news such as profitability. With any legal case you never know how it will end up, even if you're confident, and it would have dominated every story.   PROFITABILITY IS NIGH, COMMUNITY COMES TOGETHER "Elon Musk told Tesla Inc. employees that the company was on the cusp of making money, hours after he and the carmaker reached a settlement with the U.S. that steps up oversight of the chief executive officer’s communications of material information." reports Fortune: "Sunday marks the end of the third quarter, and Tesla has frantically pushed to boost deliveries before the period ends." Elon said to staff: "We are very close to achieving profitability and proving the naysayers wrong, but, to be certain, we must execute really well tomorrow (Sunday). If we go all out tomorrow, we will achieve an epic victory beyond all expectations.” Meanwhile Simon at Teslarati has been noticing the same thing as I did over the weekend, so many people posting online about volunteering: "Based on social media activity from members of the Tesla community, it appears that the company’s volunteer-boosted delivery initiative continues to be strong. While volunteer Model S, 3, and X owners are not able to help with paperwork, the assistance they provide to new owners is looking to be quite invaluable. This was perfectly captured in a picture shared by the N TX Tesla Owners group on Twitter, which depicted every volunteer helping new owners download the Tesla app even before they are checked in."   http://fortune.com/2018/09/30/elon-musk-tesla-profitable/   https://www.teslarati.com/tesla-community-final-end-of-q3-2018-model-3-delivery/   JAPANESE BRANDS LEAD BRITISH ELECTRIFIED CAR SURGE The ongoing strength of the automo