Musk faces SEC questions over X takeover - but will he show up?

Published On Oct 3, 2024, 4:50 AM

Elon Musk is under scrutiny for his acquisition of Twitter (now X) due to delays in disclosing his stake before the acquisition. A federal court has ordered him to answer further questions, following his absence in a previous SEC meeting. The SEC alleges he may have violated securities laws and is pushing for penalties if he fails to appear. Musk's legal team counters that they have cooperated fully with the investigation, but SEC lawyers accuse him of using delay tactics.

Read full article

Stock Forecasts

TSLAView TSLA chart on TradingView

Negative

The ongoing legal issues and scrutiny from the SEC may negatively impact Musk's reputation and his companies, particularly Tesla, given its ties to Musk's personal brand.

Related News

Tesla investor weighs in on ‘disappointing development’ | Fox Business Video

Gerber Kawasaki CEO Ross Gerber comments on Tesla’s ‘We, Robot’ event and the market reaction on ‘The Claman Countdown.’

TSLA

Tesla Loses Court Battle in Swedish Labor Dispute

Oct 11, 2024, 2:35 PM

A district court ruled that Sweden’s constitution prevented it from taking a side in a labor dispute between Tesla and local unions that has dragged on for 11 months.

TSLA

'Stunningly absent on detail': Tesla robotaxi event leaves investors wanting more

Oct 11, 2024, 1:01 PM

Investors were left with more questions than answers, it seems, following Tesla’s “We, Robot” robotaxi event on Thursday night.

TSLA