Elon Musk Faces Potential Sanctions in SEC Probe Over 2022 Twitter Acquisition After Missing Two Scheduled Depositions

The Securities and Exchange Commission has requested that a federal judge sanction Elon Musk for failing to comply with a court order requiring his deposition in an investigation into his 2022 acquisition of Twitter, now X. The SEC is probing potential securities fraud involving Musk's sale of Tesla shares and his stake in Twitter before the buyout. Musk missed two scheduled depositions, and his attorney argues the rescheduling was due to an emergency, adding that Musk has cooperated in other investigations. A pension fund has sued Musk, accusing him of concealing his Twitter investments, potentially affecting other shareholders.