Musk has conducted polls on whether he should sell his Tesla stock or to reinstate President Donald Trump to the platform.

The SEC alleges that Musk underpaid Twitter’s investors by more than $150 million during that period. Musk previously criticized the SEC over a settlement offer in the agency’s investigation.

Musk started buying shares of Twitter, which he later renamed X, in early 2022. By mid-March, he'd acquired ownership of more than 5% of the company's outstanding stock, according to the SEC filing.

SEC sues Elon Musk, ... Musk bought Twitter in October 2022 and later renamed it X. Musk started amassing Twitter shares in early 2022, and by March of that year, he owned more than 5%.

The agency could also take issue with the form Musk filed to reveal his initial stake in Twitter. The Tesla and SpaceX CEO filed a 13G disclosure with the SEC, which is meant for passive investors.

Musk, according to the SEC’s complaint filed in U.S. District Court in Washington, D.C, purchased more than $500 million worth of Twitter stock between March 25, 2022, and April 1, 2022, and ...

SEC sues Elon Musk over late disclosure of Twitter share purchases. The agency alleged Musk underpaid for shares of the social network by $150 million because he didn’t promptly disclose his ...

Elon Musk is being sued by the U.S. Securities and Exchange Commission, claiming he didn't disclose purchases of Twitter stock in 2022 immediately, allowing him to underpay.

SEC: Late disclosure helped Musk buy Twitter shares at $150 million discount. Jon Brodkin – Jan 15, 2025 11:10 am | 174 Elon Musk speaks at the Satellite Conference and Exhibition on March 9 ...

The SEC said Musk did not disclose his stake until April 4, 2022, 11 days after the deadline, by which time he owned more than 9% of Twitter’s shares. Twitter’s share price rose more than 27% ...

As a result, the SEC alleges, Musk was able to underpay “by at least $150 million” for shares he bought after he should have ...

Before acquiring Twitter, now known as X, for $44 billion in October 2022, Musk had increased his shares in the company. The SEC requires investors to disclose when they own more than 5 percent of ...