Mr Musk, whose tweets on August 7 on a plan to take Tesla private that was later abandoned, has tweeted only once since the settlement was announced - posting a music video by rap group Naughty by Nature.
Tesla's stock is up by more than 16 percent in early Monday trading after Elon Musk signed a deal with the Securities and Exchange Commission over the weekend. The agency also required that the company pay $20 million in penalties to settle separate claims related to Musk's use of social media.
Musk and Tesla were also fined $20million each.
Liverpool leading race to sign Aaron Ramsey
In a long contract saga, Arsenal have chose to call off talks after Ramsey demanded pay parity with Mesut Ozil. I think our players on the pitch in the first half were a little nervous.
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. Achieving those milestones would be a rebuke to may on Wall Street who have insisted that Tesla would need to raise additional funds in the coming months. Tesla had come under criticism for years prior to Musk's take-private episode for lax governance, though shareholders sided with the board in June by voting against an independent chairman proposal and approving the re-election of three directors.
"The $40 million in penalties will be distributed to harmed investors under a court-approved process", the SEC said.
Under the terms of the settlement, Musk and Tesla neither admit nor deny the SEC's allegations.
Many see the forced changes as being positive for Tesla, partly because the mercurial Musk will now have someone to answer to, and partly because his reduced role may allow the chronically overworked CEO to focus more.
Chelsea face acid test of title ambitions against Liverpool
After facing Chelsea , Liverpool travel to Napoli in the Champions League on Wednesday before hosting City at Anfield next Sunday. That's an interesting month to be honest, but so far so good and the boys are fully in it and ready to go.
Stephanie Avakian and Steve Peikin, co-directors of the SEC's Enforcement Division, led the talks, taking the reins from the staff attorneys who worked the case, according to two people familiar with the matter.
Tesla analyst Garrett Nelson of CFRA Research upped his rating on the stock Monday morning to Hold, after downgrading it on Friday to Sell.
The settlement marked a swift end to the SEC's lawsuit, which was filed Thursday.
Musk, a co-founder of Tesla, is the company's largest stockholder, owning approximately 22 per cent of its outstanding shares.
Brett Kavanaugh’s Yale roommate believes latest sexual misconduct accuser
He spoke in support of Debbie Ramirez the second women to go on the record with claims of sexual misconduct against the Judge. She also told the magazine she was inebriated as well and has admitted to holes in her memory of some details.