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Elon Musk's settlement with the SEC approved by judge, sending shares higher

Kirsten Korosec
Elon Musk's settlement with the SEC approved by judge, sending shares higher

The saga between Tesla CEO Elon Musk and the U.S. Securities and Exchange Commission, which began with a now infamous "funding secured" tweet about taking the electric automaker private, is officially resolved. A federal judge has approved Musk's settlement with the SEC over securities fraud allegations. Tesla shares jumped more than 4 percent on the news.