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Elon Musk ordered to testify in SEC’s Twitter probe

2024.02.11 10:45


© Reuters. FILE PHOTO: Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June

(Reuters) – A federal judge ordered Elon Musk to testify again in the U.S. Securities and Exchange Commission’s probe of his Twitter takeover, giving the regulator and the billionaire a week to agree on a date and location for the interview.

U.S. Magistrate Judge Laurel Beeler’s order issued on Saturday night formalized a tentative ruling she made in December siding with the regulator.

The SEC sued Musk in October to compel the Tesla (NASDAQ:) and SpaceX CEO to testify as part of an investigation into his 2022 purchase of social media giant Twitter, which he renamed X.

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