A new development has occurred in the case between billionaire businessman Elon Musk and the US Securities and Exchange Commission (SEC). The California court that heard the case ruled that Elon Musk to give evidence decided. Musk for X (formerly Twitter), which he bought in 2022 will defend.

SEC, regarding the purchase of the platform we called Twitter at the time: in 2022 started an investigation. The investigation includes the documents that Elon Musk completed when purchasing the microblogging platform Whether it is in accordance with the procedure is being investigated. The institute previously wanted a meeting with Elon Musk, but Elon Musk no longer wanted that. refusalwhich led to things getting to this point.

One week grace period for Elon Musk

In accordance with the court ruling, Elon Musk and SEC officials will meet and hold a meeting to take statements in connection with the investigation. date yet to be determined. If Elon Musk does not attend this meeting, the court will order the parties to meet. any date will determine.

In the meantime; There have been many meetings between Musk and the SEC. However, SEC officials wanted to meet again. insist, enraged Elon Musk. The billionaire businessman stated that they had met with the SEC twice in the past and the incident was now has reached the point of intimidation told. According to Elon Musk, the SEC has exceeded its jurisdiction. However, with its decision, the court panel ruled that, like Elon Musk, that you don’t think It turned out to.