SEC Sues Elon Musk To Enforce Testimony For Twitter Probe

Key takeaways

• The SEC is suing Elon Musk to testify in its ongoing Twitter probe after he missed a scheduled date
• Lawyers for Musk said the investigation is “misguided”
• The news comes as a new investment vehicle from activist investor Bill Ackman could take X public again

Can Elon Musk catch a break right now? The U.S. Securities and Exchange Commission (SEC) has sued the billionaire and CEO of X, formerly known as Twitter, to actually turn up to testify in the probe they’ve launched.

The investigation is all about whether any securities laws were broken during Twitter’s sale to Musk, which was a nail-biting time for the company involving a lot of litigation. But it’s just the latest in a long line of bad blood between Musk and the SEC, who have come to blows many times before.