The Securities and Exchanges Commission fined Musk and Tesla $20 million each to settle fraud charges for their tweets. Musk was also removed from his role as chairman of the company, and Tesla was also able to agree to preapproval for unitedearners united earners Website united earners com Musk’s tweets (which Tesla failed to do earlier in the year).

 Tesla shares were in the range of $50 to $60 in February and March 2018 and were between $600 and $700 by June and July 2021. Tesla stock has increased 41% since the summer and was trading at $1,003 on Monday.