Tesla Inc. shares soared Monday after Elon Musk reversed course and settled with U.S. securities regulators over the weekend, a surprising decision that put to rest the threat of his removal from a company inseparable from his name.
As news of the settlement unfolded over the weekend, Mr. Musk also sought to rally employees in an email that stressed the electric-car maker is “very close to achieving profitability and proving the naysayers wrong.” He also wrote “but, to be certain, we must execute really well tomorrow (Sunday)....