The inventory surged 17% on Monday, greater than wiping away Friday’s loss.
Over the weekend, Musk agreed to a settlement with the SEC that requires him to step down as Tesla’s chairman and pay a $20 million tremendous.
He accepted the deal “with out admitting or denying the allegations of the grievance,” in response to a courtroom doc.
Final week, the federal government charged Musk with making “false and deceptive statements” to buyers on his Twitter account when he mentioned he had secured funding to take the corporate personal.
Moreover the settlement information, Tesla has one other milestone this week.