Elon Musk didn't show up for testimony in a probe over his $44 billion Twitter takeover. Now the SEC wants sanctions [CNN]
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Source: CNN
Earlier this year, a federal judge ordered Musk to testify as part of the SEC's probe of the billionaire's $44 billion acquisition. The agency is examining whether Musk followed the law when disclosing his purchases of Twitter stock and whether his statements in relation to the deal were misleading. After some initial scheduling back-and-forth, the parties had agreed that Musk would testify on September 10, and SEC lawyers flew to Los Angeles to take Musk's testimony, according to Friday's court filing. But three hours before his testimony was set to begin, Musk's lawyer told the SEC that his client, who also runs SpaceX, had to urgently travel to the East Coast for the launch of the Polaris Dawn mission and would be unable to attend the testimony or reschedule to the following day, the filing states. The two parties then struggled to find a time to reschedule the testimony before landing on a date in early October, according to the filing. The SEC alleges that Musk violated a
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TSLA
News
- SEC is unhappy that Elon Musk did not give testimony to the financial regulator to attend a SpaceX launch [Business Insider]Business Insider
- Elon Musk threatened with SEC sanctions for failing to appear in court [TechCrunch]TechCrunch
- SEC says Elon Musk should be sanctioned if he keeps dodging Twitter depositions [CNBC]CNBC
- SEC will seek sanctions against Elon Musk in Twitter probe over failure to appear in court [FOX Business Network]FOX Business Network
- Elon Musk didn't show up for testimony in a probe over his $44 billion Twitter takeover. Now the SEC wants sanctions [CNN]CNN
TSLA
Earnings
- 7/23/24 - Beat
TSLA
Sec Filings
- 9/9/24 - Form 4
- 7/29/24 - Form 4
- 7/25/24 - Form 144
- TSLA's page on the SEC website