Tesla shares rose 15% based on information on dispute settlement between Musk and the SEC

108328

Last week on Friday, the SEC announced the launch of an investigation against the founder of Tesla, Elon Musk, who announced on Twitter that he was going to make the company non-public. Because of this message, Tesla shares fell by 13.9% to 264 dollars 77 cents. However, on Monday, thanks to the dispute settlement between Musk and the SEC, the company's shares recovered their value, rising 15% in price, finversia.ru writes. The court still has to approve the agreements reached, Musk will remain the head of Tesla, but will give up the post of chairman of the board of directors for at least 3 years. Elon Musk must pay a fine of $20 million, a fine of the same amount was imposed on the company.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: