From FT Alphaville:
Meanwhile, at 1.22am on the West Coast...
Elon Musk agreed to step down as chairman of Tesla over the weekend and to have his communications monitored, after the Securities and Exchange Commission alleged he committed fraud in a now-infamous series of ill-advised tweets in August.The stock is trading at $309.26 up $44.49 (16.80%), recovering the $42.75it was down on Friday.
According to the SEC's release on Saturday night:...MORE
Long's applauded Mr. Musk's apparent return to sanity, despite the early morning tweet.