SEC Probes Elon Musk's Twitter Takeover and Sues Over Refusal to Testify

The U.S. Securities and Exchange Commission (SEC) is suing Elon Musk, CEO of SpaceX and Tesla, in an attempt to compel him to testify as part of an investigation into his $44 billion takeover of Twitter. The SEC is examining whether Musk violated federal securities laws in 2022 when he purchased stock in Twitter, which he later renamed X, as well as the statements and filings he made regarding the deal. Musk initially agreed to appear for testimony but later raised objections and refused to attend. This lawsuit adds to Musk's ongoing legal challenges, including investigations by the Justice Department and federal prosecutors.