Musk and Tesla were each punished with a fine of $20 million by the Securities and Exchanges Commission to settle fraud charges relating to the tweet. Musk was removed as the company’s chairman and Tesla agreed to preapprove draft-vip draft vip Website draft vip com the tweets (which the SEC said earlier this year Tesla did not do).

 Tesla shares were traded in the range of $50 to $60 between February and March of 2018, and were between $700 and $600 between the end of June and July 2021. Since summer, Tesla stock has spiked another 41%, closing at $1,003 last Monday.