Investors are cheering Tesla's deal with the SEC that keeps Elon Musk as CEO. 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 fine. Under the settlement, which requires court approval, Musk will be allowed to stay as CEO but must leave his role as chairman of the board within 45 days. Separately, Tesla agreed Saturday to pay $20 million to settle claims it failed to adequately police Musk's tweet. Besides the settlement news, Tesla (TSLA) has another milestone this week.

Source: CNN October 01, 2018 12:10 UTC