The financial world is waiting to see if Elon Musk will show up Thursday for an interview with Securities and Exchange Commission investigators after missing a session last month.
Last month, Mr. Musk’s lawyers issued a late cancellation to SEC investigators, saying the billionaire had to attend a SpaceX launch on the East Coast. The SEC said the botched interview cost the agency thousands of dollars.
The SEC received the cancellation notice from Mr. Musk’s lawyers just three hours before the appointment, despite SpaceX posting about the scheduled launch two days prior.
The SEC rescheduled the deposition for Oct. 3 and asked a federal judge to impose a fine on Mr. Musk if he fails to show up again.
The SEC is investigating whether Mr. Musk broke federal securities laws during his acquisition of Twitter in late 2022. The agency is trying to determine if he waited too long to disclose his stake in the social media platform, now X, before his final purchase. He has said that any delays in his disclosures were a mistake and not an attempt at fraud.
Mr. Musk has already complied with SEC investigators twice during its investigation, but the agency says it needs more. The billionaire’s lawyers have accused the commission of harassment.
• Vaughn Cockayne can be reached at vcockayne@washingtontimes.com.
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