Musk shares Farage’s view that the UK’s police commissioner is a major threat to free speech.
The Securities and Exchange Commission (SEC) said it intends to seek sanctions against Elon Musk after he failed to appear and testify in court during the agency’s investigation into his $44 billion takeover of Twitter, which he renamed X.
The SEC is asking for a court order to show cause why the CEO of Tesla and the owner of SpaceX should not be held in public contempt after he said he would not appear three hours before a scheduled testimony on September 10, Reuters reported, citing a filing in San Francisco federal court.
Musk’s action violated a court order dated May 31 that forced him to testify.
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Elon Musk’s X account seen blocked on a cellphone screen in this photo after Brazil’s telecommunications regulator blocked access to Musk’s X social network in the country. (Reuters/Jorge Silva/File/Reuters)
Instead of appearing in court, Musk, 53, went to Cape Canaveral in Florida the same day to watch the launch of SpaceX’s Polaris Dawn mission.
SEC attorney Robin Andrews wrote: “The court must make it clear that Musk’s practice of gamesmanship and delay must end.”
The SEC declined to comment on the matter to FOX Business.
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The X logo is displayed on the smartphone. (Photos by Budrul Chukrut/SOPA/LightRocket via Getty Images / Getty Images)
Musk’s attorney, Alex Spiro, said his client’s failure to testify on Sept. 10 was the result of an “emergency” he did not create, and “there is no reason to believe the emergency will reoccur,” the report said.
FOX Business also reached out to X and Spiro.
Elon Musk arrives at an awards ceremony in Los Angeles on April 13. (Etienne Laurent/AFP via Getty Images/Getty Images)
In July, Musk said he did not understand the SEC’s disclosure requirements, suggesting his delay was “a mistake.”
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In October 2023, the financial regulator sued after Musk missed a scheduled interview at his San Francisco office.
Musk said the SEC was trying to “harass” him with subpoenas.
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