Tesla Shares Surge as Elon Musk's SEC Tweets Settlement is Approved

Elon Musk

‘Teslaquila’: Elon Musk Dropping Own Agave Brand

Andrew Left of Citron Research, one of the short-sellers suing Tesla over the August 7 tweet, remarked that Musk "seems to have nine lives".

A Tesla spokesperson confirmed the settlement, but said the automaker would make no further comment on the matter.

Any new buyers would likely not receive their vehicle until the end of 2018, Mr Musk said. The company is not going private.

The complaint was filed after Musk and Tesla's board abruptly walked away from an agreement with the SEC.

Under the terms of the deal, Musk has to pay a $20 million fine and step down as Tesla chairman within 45 days for a period of at least three years.

Canada becomes second country in the world to legalise cannabis
John's, lining up outside a Tweed-branded store owned by Canopy Growth Corp., the world's most recognized cannabis producer. Medical marijuana is legal in some form in 30 states, according to the National Conference of State Legislatures .

While Judge Alison Nathan's approval was largely expected, some weren't so sure as Musk showed little signs of curbing his Twitter behavior - and even took jabs at the SEC after they reached their proposed settlement.

On 4 October, just hours after the court ordered him and the SEC to explain why their settlement was fair and reasonable, Mr Musk appeared to mock the SEC on Twitter. Shares fell more than 5 percent the following day.

Tesla and Musk, the company's CEO, agreed to pay a total of $40 million in fines in the settlement Tuesday. Today Elon followed up that April 1st tweet with a visual approximation of what the bottle of booze may look like, along with a warning, "Teslaquila coming soon..."

Tesla founder Elon Musk has refuted a report that James Murdoch, son of News Corp. owner Rupert Murdoch, may replace him as Tesla Inc. chairman in a short tweet. The plan also calls for the naming of two new independent directors. The company needs to actually be making a product to obtain the trademark.

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