SEC Extends Deadline for Elon Musk Response

The U.S. Securities and Exchange Commission (SEC) has extended the deadline for Elon Musk to respond to its settlement offer regarding his $44 billion takeover of Twitter (now X) to December 16. Initially given a 48-hour ultimatum to agree to pay a penalty or face charges, Musk's lawyer has claimed the SEC's actions represent an 'endless investigation campaign' against him. The SEC is investigating whether Musk violated securities laws by delaying his disclosure of Twitter stock purchases, which potentially saved him over $140 million. Additionally, the SEC has reopened an investigation into Musk's brain-computer interface company, Neuralink, following allegations of misleading claims. Musk has criticized the SEC, questioning whether the agency's actions are influenced by the White House. As the inquiry unfolds, a court may compel Musk to testify if he does not comply with the SEC's requests.