He was supposed to appear in court at the US Securities and Exchange Commission (SEC) headquarters in Los Angeles last month, but he failed to show up.
A high-level inquiry into whether Mr. Musk delayed disclosing that he was increasing his position in Twitter prior to purchasing the social media network in 2022 is underway, and an interview is scheduled for this Thursday.
The billionaire said earlier that there had been an error in the delay.
By threatening potential penalties, the country’s top securities regulator is attempting to coerce him into making an appearance on Thursday.
The SEC claimed that it had to pay thousands of dollars to send three people to the court hearing on September 10.
Francisco and a second person from Washington, DC, in order to obtain a sworn deposition from the tech millionaire.
However, Mr. Musk’s attorneys informed the SEC three hours prior to the scheduled meeting that he would be unable to attend.
In a statement, Mr. Musk’s attorneys stated that he had flown urgently to the East Coast the day before for a “high-risk” rocket launch by his business, SpaceX.
However, SpaceX had made a post two days before to Mr. Musk’s scheduled deposition regarding the timing of the planned launch.
He also said he would be traveling to Florida for the launch “if the weather is holding up” to interviewers at a conference one day before the meeting.
