Tesla rose in midday trade on Monday after CEO Elon Musk tweeted that he had deleted his Twitter account.
The account has remained up since that tweet, but that hasn’t stopped investors from breathing a sigh of relief that the Tesla CEO's tweets might not be a factor they have to consider.
Musk has been embroiled with the U.S. Securities and Exchange Commission over various tweets that he has sent out, which the SEC says violates securities rules.
Tesla (NASDAQ:TSLA) was up 4.9% after the news.
