SEC Extends Deadline in Musk Investigation

Elon Musk is embroiled in a public dispute with the U.S. Securities and Exchange Commission (SEC), which has demanded he either pay a penalty or face charges related to his 2022 Twitter acquisition. Musk's lawyer, Alex Spiro, accused the SEC of a politically motivated campaign, suggesting bias against Musk and highlighting a reopened investigation into Neuralink. The SEC's original 48-hour deadline for Musk to respond to the settlement offer has been extended to Monday following a request for more time. The probe focuses on Musk's late disclosure of his Twitter stake, which potentially saved him millions, stirring legal and financial ramifications. Musk has publicly mocked SEC Chair Gary Gensler and criticized the agency as being politically weaponized. This conflict follows previous tensions, including a 2018 case where Musk faced securities fraud charges over misleading tweets about taking Tesla private.