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Tesla Inc. shares rebounded from last week's US lawsuit over Elon Musk's take-private tweets, as a settlement ensured the billionaire will keep calling the shots at the carmaker he's said is on the verge of profitability.

At the same time, Tesla has also settled new charges of "failing to have required disclosure controls and procedures relating to Musk's tweets", and will also pay a penalty of $20m.

Musk and Tesla have agreed to settle the charges against them without admitting or denying the SEC's allegations.

On August 7th, 2018, Elon Musk used his prolific Twitter account to state that he was "considering taking Tesla private at $420" per share, claiming that funding was already secured. The complaint had sought his removal as chief executive as well.

Musk said in a tweet in May that the company would need to sustain production of 5,000 Model 3s per week to make a profit on the critical auto and to survive.

Tesla Inc (TSLA.O) announced record quarterly vehicle production numbers on Tuesday but warned of major problems with selling cars in China due to new tariffs that would force it to accelerate investment in its factory in Shanghai.

Tesla sharply boosted the number of vehicles rolling off the assembly line between July and September, the electric auto maker said Tuesday.

The SEC sued Musk on Thursday for misleading investors after falsely tweeting that he had secured funding to take the company private - also known in the securities biz as fraud.

Tesla is now valued at about US$51.8 billion in the stock market, taking back the title of the top USA automaker by market capitalization from General Motors Co. "Nor did it have sufficient processes in place to that Musk's tweets were accurate or complete".

The company's production and delivery numbers for the quarter are yet to be announced, but estimates, including those from Tesla's staunchest critics from Wall Street, are high that the company has achieved its target of manufacturing and delivering more than 50,000 Model 3 in the third quarter.

Analysts hoped the deal, which enforces oversight of Musk's public communications, would put an end to several months of turmoil that has prevented investors from focusing on a business that churned out a reported 80,000 cars in the third quarter.

Now attention is likely to shift to the figures for production and delivery of Tesla's electric cars, and particularly its Model 3 midsize sedan.

The tweet suggested Musk would take Tesla off the stock market.