Elon Musk Agrees to Testify in SEC Probe Over 2022 Twitter Acquisition

May 30, 2024, 03:11 PM

Elon Musk has agreed to testify in the U.S. Securities and Exchange Commission's (SEC) probe into his 2022 acquisition of Twitter, now known as X. This agreement follows a court decision ordering Musk to comply with the SEC subpoena, as detailed in a court filing. The exact date and location of Musk's testimony have not been disclosed. Musk also agreed not to appeal the court decision. The SEC's investigation focuses on disclosures related to Musk's purchase of the social media platform, following months of back and forth between Musk and the SEC.