Tesla CEO Elon Musk and federal securities regulators are working toward a potential settlement in their legal dispute over his delayed disclosure of Twitter stock purchases in 2022. The SEC claims Musk's 11-day delay in revealing his stake allowed him to buy shares at artificially low prices, saving him $150 million.
Tesla CEO Elon Musk and federal securities regulators are working to reach an agreement that could resolve their ongoing legal battle over his Twitter stock purchases from 2022.
According to court documents filed Monday, both Musk and the Securities and Exchange Commission stated they are “engaged in discussions of a potential resolution that would mean further proceedings might not be necessary.”
The two parties have requested that the judge postpone their deadline for scheduling future court proceedings from March 18 to April 1 to allow more time for negotiations.
Representatives for both the SEC and Musk’s legal team were not available for immediate comment on the settlement discussions.
Federal regulators filed their lawsuit against Musk in January 2025, alleging that he violated securities laws by waiting 11 days before publicly disclosing his initial 5% ownership stake in Twitter during late March and early April 2022. According to the SEC, this delay allowed Musk to purchase more than $500 million worth of additional shares while prices remained artificially depressed.
The government agency is seeking financial penalties and wants Musk to return the estimated $150 million they claim he improperly saved at other investors’ expense. Musk has maintained that his failure to disclose the purchases on time was an unintentional mistake.
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