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Transcript

00:00:00
>> Frankly we're gonna be in production hell.>> After a tumultuous few months for Tesla, marked by erratic behavior by Elon Musk->> There's tobacco and marijuana in there.>> And a sinking stock price, shares on Monday surged. Investors exhaling after the company over the weekend settled a lawsuit with the Securities and Exchange Commission, one that threatened to strip Musk of his power.
00:00:22
Instead, he'll remain CEO, pay a $20 million fine and step aside as chairman for three years max. Reuters' Alexandria Sage.>> As one analyst explained to me, Tesla Is Musk, and Musk is Tesla. So it would have been really, a huge blow, were Musk to be separated from this company.
00:00:45
Many people, investors think of this settlement as more of a slap on the wrist to Musk, who could have faced far worse, and they are relieved that he is still at the helm.>> The suit had accused Musk of securities fraud for a tweet in which he considered taking the company private at $420 a share, funding secured.
00:01:06
But when no funding materialized he pulled back on the plan, sending the stock reeling, and while that's all behind him now, there could be bumps in the road ahead. Teh department of justice has opened a probe into Tesla. The details of which are unclear and they are lawsuits from angry short sellers.
00:01:25
Then there is the increasing pressure to deliver the Model 3. Crucial to Tesla's future as it it's first mass market model.>> This is a very important vehicle for the company and he has been sleeping at the factory and really pulling out all the stops to get this car delivered and in the hands of customers.
00:01:46
Investors have been concerned, worried, asking questions about his mental state and his state of exhaustion perhaps. After he insulted analysts on a conference call. After multiple tweets in the middle of the night.>> The final wild card being Musk himself, who already returned to his mischievous ways by tweeting a video from the rap group, Naughty By Nature.