SEC Prepares Additional Charges Against Elon Musk

Investing.com — The Securities and Exchange Commission (SEC) is preparing more charges against Elon Musk and probing Neuralink, based on a letter from Musk’s lawyer.

The letter, addressed to SEC Chair Gary Gensler by Musk’s lawyer Alex Spiro, states that Musk has a 48-hour deadline to accept a monetary settlement or face "charges on numerous counts."

While the letter does not specify the charges, it mentions that the SEC's demands follow a multi-year investigation. Additionally, the SEC has reopened an investigation into Neuralink, Musk's neurotechnology venture. Reports from 2023 indicated some lawmakers requested an SEC investigation due to safety claims regarding Neuralink’s brain chip.

Musk has previously dealt with the SEC, paying $20 million in 2018 related to his tweets claiming Tesla would go private and that funding was secured. Currently, he is under investigation for his Twitter acquisition, as well as scrutiny regarding Tesla's self-driving claims.

The letter described Musk’s history with the SEC as a "six years of harassment" and demanded clarification on who directed the agency's actions against him.