The Securities and Exchange Commission (SEC) is seeking sanctions against Tesla CEO Elon Musk after he failed to appear for a court-ordered testimony regarding his $44 billion acquisition of Twitter, now known as X. Musk cited an 'emergency' as the reason for his absence, but the SEC argues that it was a deliberate attempt to delay proceedings.
The Sec urities and Exchange Commission said it intends to seek sanctions against Elon Musk after he failed to appear and testify in court amid the agency's probe into his $44 billion takeover of Twitter , which he renamed X. The SEC is asking for a court order to show cause why the Tesla CEO and SpaceX owner should not be held in civil contempt after he said he wouldn't appear a mere three hours before the scheduled Sept.
"Musk's excuse itself smacks of gamesmanship," SEC lawyer Robin Andrews wrote. "The court must make clear that Musk’s gamesmanship and delay tactics must cease." The SEC declined to comment on the matter to FOX Business. ELON MUSK MOCKS MEDIA FOR OVERWHELMINGLY NEGATIVE COVERAGE OF TRUMP'S X EVENT: 'SO PREDICTABLE' Musk's attorney, Alex Spiro, said his client's failure to testify on Sept.
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