Elon is once again in the spotlight, and this time with a 48-hour ultimatum from the SEC. The commission demands to settle everything related to his Tesla stocks, the purchase of Twitter (now X), and disclosures. If not, they promise to roll out a whole pile of charges.
Well, it seems that Elon is not facing regulators for the first time. His lawyers call it a six-year 'witch hunt.' But the SEC clearly isn't backing down, reminding everyone of his famous 2018 tweet about the 'Tesla deal,' which cost Musk and the company $20 million each.
Now Musk is accused of not disclosing his intentions regarding the Twitter deal in a timely manner, which could have affected the market. The situation is tightening up like in the best series.
What do you think, will Elon outsmart everyone again, or is the SEC preparing a real fight for him? Share your thoughts in the comments! And don't forget to subscribe — there are such events here that Netflix is just taking a break.