Tesla soared 17.3% to $310.70 after Musk agreed to give up the chairman's role for at least three years, while Tesla will appoint two new independent directors to its board. The stock had plunged 14% Friday after the Securities and Exchange Commission filed a suit accusing Musk of misleading investors in August with tweets about plans to take Tesla private.

Source: Los Angeles Times October 01, 2018 22:07 UTC