Elon Musk challenges

Elon Musk is once again locking horns with regulators, this time by filing a motion to dismiss the US Securities and Exchange Commission’s lawsuit against him. The SEC has accused Musk of failing to disclose his stake in Twitter, now called X, during his dramatic 2022 acquisition. According to the regulator, he crossed the 5 percent threshold without timely reporting it, waiting an additional twenty one days before making it public. That delay, they argue, gave him the chance to quietly keep buying shares at lower prices before the market reacted.

Musk’s lawyers are pushing back forcefully. In a motion filed in federal court, they claimed the SEC’s interpretation of disclosure rules is rigged and blind to context. The defense insists Musk never intended to mislead investors and that the delay caused no material harm. The filing even highlights that the SEC does not accuse Musk of acting wilfully or recklessly, but simply of filing one ownership form late, which he corrected as soon as it was noticed.

The controversy stems from Musk’s high stakes takeover of Twitter for forty four billion dollars, one of the most headline grabbing corporate dramas of recent years. His quiet stake building in early 2022 drew immediate scrutiny and set the stage for months of legal and regulatory battles.

For Musk, the SEC lawsuit is only one item on a long list of challenges since taking Twitter private and transforming it into X. Whether the court accepts his argument of political motivation or keeps the case alive will shape the next chapter in his already stormy relationship with regulators.
**This news was published on Times of India on 29th August, 2025.

 

 

 

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