Elon Musk Accused of Cheating Investors By Failing to Disclose Large Stake in Twitter

Back in 2022, Tesla CEO Elon Musk had accumulated so much Twitter stock that he held more than five percent of the company’s stock. That development could have given Twitter a significant stock market boost if Musk had promptly reported his ownership, but a recent Securities and Exchange Commission (SEC) lawsuit alleges that he did not, essentially cheating investors out of more than $150 million. The suit said that Musk had obtained more than nine percent of Twitter’s outstanding co