Elon Musk Faces SEC Investigation for Belated Disclosure of Twitter Stake, Report Says

In April, the SEC declined to comment on a potential investigation.

The SEC also declined to comment on Wednesday.

The tardy submission allowed him to buy more stock without alerting other shareholders.

The filing could have signaled to shareholders that Musk may have been interested in taking control of Twitter.

Musk could not immediately be reached for comment.

CNET reached out via Tesla’s press email, but the company dissolved its PR department.