The stock surged 17% on Monday, more than wiping away Friday’s loss.
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.
He accepted the deal “without admitting or denying the allegations of the complaint,” according to a court document.
Last week, the government charged Musk with making “false and misleading statements” to investors on his Twitter account when he said he had secured funding to take the company private.
Besides the settlement news, Tesla has another milestone this week.