Musk facing another battle with US regulator

The new case again shines a spotlight on the extraordinary feud between the world's richest man Elon Musk and the powerful US securities regulator.

Elon Musk agreed to testify on September 15, 2022, but two days beforehand raised 'spurious objections' and said he would not appear. the SEC stated.

The US Securities and Exchange Commission, or SEC, has taken Elon Musk to court again — and this time it may win. The agency last week asked a US federal court to force Mr Musk to testify for its investigation into his $44bn (€42bn) takeover of social media giant Twitter (now known as X), the third time the SEC has taken Mr Musk to court.

It sued him in 2018 and again in 2019 in relation to a tweet Mr Musk sent saying that he had funding secured to take his electric carmaker Tesla private. The 2018 lawsuit was quickly settled on the condition that lawyers vet Mr Musk's future tweets. The 2019 lawsuit by the SEC trying to enforce that deal did not go their way.