- Tesla CEO Elon Musk was facing an SEC lawsuit last week that would have banned him from serving as a public-company officer, if a court had found him guilty of fraud.
- Tesla shares plunged as a result.
- After Musk settled over the weekend, Tesla surged on Monday and closed up 17%.
One chart says it all.
Tesla stock has plunged, and Tesla stock has soared.
But rarely has the stock done both in such a short period of time.
From Friday to Monday, Tesla swung from a 15% loss to a 17% per cent gain – from $US265 to $US311.
The visual of the chart, with that huge chunk knocked out, representing billions in value, is definitely worth more than words.
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