The SEC said Musk failed to appear for testimony as required by a May subpoena.
In this June 16, 2023, file photo, Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of Twitter, attends a conference in Paris.The Securities and Exchange Commission on Thursday sought to force Elon Musk to sit for a deposition as part of an ongoing investigation about his
The SEC said Musk failed to appear for testimony as required by a May subpoena despite agreeing to show up last month at the SEC’s office in San Francisco. In this June 16, 2023, file photo, Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of Twitter, attends a conference in Paris.Musk waited until two days before the scheduled date to notify the SEC he would not appear, regulators said. They’re now seeking a court order to force Musk to comply.
"[The] SEC seeks Musk’s testimony to obtain information not already in the SEC’s possession that is relevant to its legitimate and lawful investigation," the press release said, noting the SEC staff to date have not determined that any person or entity has violated federal securities laws.
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