Musk and the SEC: A Short Guide for English Learners

Elon Musk settled a lawsuit with the U.S. Securities and Exchange Commission. A trust in his name will pay $1.5 million to end the case.

The SEC said Musk delayed telling the public about buying Twitter shares in 2022, and it argued the delay saved him about $150 million. The settlement was filed on May 4, 2026, in federal court in Washington, D.C., and it still needs court approval. Musk did not admit wrongdoing in the agreement, and he will not be required to give back the money the SEC said he saved. Twitter is now called X, and the case is part of several legal fights connected to the 2022 takeover.