US officials are interested in hearing Musk’s testimony regarding his legal actions when completing the necessary paperwork for his purchases of Twitter stock and his honesty when making claims about the transaction.
Following Musk’s failure to show up for his scheduled appearance before the Securities and Exchange Commission (SEC) on Saturday night, US magistrate judge Laurel Beeler issued an injunction.
The judge stated that Musk “did not appear” and that “resists the subpoena on the grounds the SEC’s investigation is baseless and harassing and seeks irrelevant information” .
In October, the Tesla owner was sued by the SEC to force him to assist with the agency’s investigation into the $44 billion (£35 billion) buyout of Twitter.
Authorities are interested in hearing his testimony regarding whether he completed Twitter stock purchase papers legally and provided accurate information while making remarks about the transaction.
Musk does not want to testify because, in accordance with the California federal court’s ruling, he thinks the regulator has released information to the media.
Having been compelled to testify twice in 2022 due to his delayed disclosure of his Twitter ownership, this would be his third appearance before the SEC.
At this point, Musk claims that a third subpoena is “harassment”.
