This is only the midpoint of his Musk-sational 2018 narrative. Hitting production and delivery targets has become increasingly important for Tesla's relationship with Wall Street investors after the auto maker struggled to increase production to meet demand of its new Model 3 electric vehicle.
The SEC's lawsuit had sought to bar Musk from serving as an officer or director of a public company, a prospect that rattled investors.
But, like any responsible parent, the SEC doesn't give a sh*t if Elon likes them or not.
Tesla stock (NASDAQ:TSLA) is exhibiting a strong recovery on Monday, trading up 15.40% at $305.54 per share during the opening bell.
Tesla Inc. shares rebounded from last week's USA lawsuit over Elon Musk's take-private tweets, as a settlement ensured the billionaire will keep calling the shots at the carmaker he's said is on the verge of profitability.
Yes, Musk is a highly intelligent and influential individual, but it's clear the guy needs a nap.
In addition, Grimes' ex will be on a short leash: Tesla now gets to monitor the communications of the outspoken ex-chief gunslinger.
Nelson told FOX Business the settlement, which is still subject to court approval, "reflects certainty Musk is going to remain with the company in the CEO role".
But several experienced litigators said on Monday that, while the DOJ probe is separate, the SEC's settlement could mark the end of official action against Tesla and Musk.
Elon Musk is confident that Tesla Inc.
Shares in Tesla sank more than 14% on Friday, wiping more than $5bn (£3.8bn) from the company's market value after the SEC filed its suit, claiming Mr Musk issued "false and misleading" tweets about potentially taking Tesla private. "The resolution is meant to prevent further market disruption and harm to Tesla's shareholders", said SEC enforcement division co-director Steven Peikin.
On Saturday, the SEC said that it also charged Tesla the same day "with failing to have required disclosure controls and procedures relating to Musk's tweets, a charge that Tesla has agreed to settle".