logo
welcome
Fortune

Fortune

Elon Musk’s lawyer said the SEC demanded the Tesla CEO pay a fine or face charges to resolve an investigation into his purchase of Twitter

Fortune
Summary
Nutrition label

76% Informative

The SEC allegedly sent Elon Musk a settlement offer that would see Musk pay a fine instead of facing "charges on numerous counts" Musk 's lawyer Alex Spiro sent a letter to soon-to-depart SEC chair Gary Gensler .

The investigation stretches back to 2022 when Musk allegedly failed to properly disclose a stake he was building in Twitter .