- CNBC, Monday, October 1, 2018 7:30 AM
The upsurge in shares occurred Monday in pre-market trade after Tesla CEO Elon Musk settled fraud charges on Saturday. Musk agreed "to pay a civil penalty of $20 million and give up his role as
chairman of the board for at least three years," according to CNBC. The SEC charged "Musk issued 'false and misleading' [statements] related to a tweet in August in which he said he'd take the
electric carmaker private."
Read the whole story at CNBC »
