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    Tesla stock roars back after Elon Musk’s SEC deal

    Author AvatarBy Ruby Chambers No Comments 3 Mins Read

    New York CNN Business  — 

    Investors cheered Tesla’s deal with the SEC that keeps Elon Musk as CEO.

    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.

    Under the settlement, which requires court approval, Musk will be allowed to stay as CEO but must leave his

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    She is a seasoned financial market analyst, specializing in Forex and cryptocurrency news. With a sharp eye for trends and a deep understanding of global markets, she provides insightful commentary and analysis, helping traders and investors stay informed and make strategic decisions. Her expertise bridges the gap between complex market data and practical, actionable advice.

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