SEC Investigates Elon Musk Over Delayed Twitter Stake Disclosure

After allegations of violations of securities laws regarding a tardy disclosure that may have allowed him to sidestep $150 million in losses, Elon Musk finds himself in the crosshairs of the Securities and Exchange Commission (SEC). Known for his unfiltered commentary on X, Musk typically plays the role of the accuser, as seen in his recent lawsuit against OpenAI for its shift to a for-profit model. However, the tables have turned, and Musk is now facing legal scrutiny himself. In his quest to acquire Twitter for a staggering $44 billion, Musk's journey was anything but smooth. Initial enthusiasm was followed by a withdrawal from the deal, only for him to ultimately resume negotiations. A critical aspect of the situation revolves around Musk's significant acquisition of Twitter shares, which he failed to publicly disclose for several weeks—a move that has drawn the SEC's attention.