Tesla CEO Elon Musk is paying attention to the press on March 11, 2025, when President Donald Trump, standing next to a Tesla vehicle in the White House’s South Portico, spoke to the press.
Mandelungan | AFP | Getty Images
Elon Musk was summoned last week by a court in connection with his case, which allegedly failed to properly disclose his Twitter share purchase in 2022, according to a filing Thursday.
Process Server delivered Civil Sommons to Musk on March 14th, located at SpaceX’s headquarters in Brownsville, Texas. The server said upon arriving at the SpaceX facility, three different security guards refused to accept documents and one said they were trespassing. He “put the documents on the ground,” leaving while security guards were filming him and his car.
The subpoena is related to the incident in 2022 regarding the final Twitter purchase of Twitter, now known as X. This established a position in a company that was over 5% prior to the acquisition.
Musk was delayed more than 10 days after reporting that important information, according to a civil suit filed in the U.S. District Court in Washington, D.C.
Once he took over Twitter, Musk used the platform to promote the then candidates and now President Donald Trump and other Republican candidates. Musk and CEO are also CEOs. Teslaspending around $290 million to help Trump return to the White House, and is currently serving as the president’s top advisor within the administration.
The answer from Musk, or his lawyer, is scheduled for April 4th. Masks have the option to reject them by that day.
The SEC, Elon Musk, and his attorney, Quinn Emmanuel, Alex Spiro, partner of the SEC, did not immediately respond to requests for comment.
The White House of Trump overseen Deep cut Budgets and staff of independent federal regulatory agencies, including the SEC. Regulators provided $50,000 to many employees and encouraged them to resign or retire by March 21st.
The Trump administration also has it reverse A 15-year-old policy that allowed the SEC executive director to issue a formal investigation order. The agency will, by vote of the SEC Commissioner, request a request to propose and approve a formal investigation order.
Musk previously resolved a private securities fraud charge raised by the SEC in his automotive business, Tesla. In that regard, Musk and Tesla each had to pay a $20 million fine, and Musk had to temporarily abandon his role as chairman of the Tesla committee.
clock: Ron Baron of Elon Musk
