The **Securities and Exchange Commission (SEC)** has filed a lawsuit against **Elon Musk**, accusing him of failing to disclose critical information on Twitter that could have impacted the stock market.
The SEC claims Musk misled investors with a tweet claiming he had secured funding to take **Tesla private at $420 per share**, which allegedly caused Tesla's stock price to spike, harming investors.
This follows a history of controversies with Musk’s tweets, including a $20 million fine imposed on both Musk and Tesla for misleading statements about production targets.
The SEC is now seeking to bar Musk from serving as an officer or director of any public company, which could have significant consequences for his role at **Tesla** and other ventures.
The legal battle is heating up, and investors are watching closely to see how this affects Musk's businesses and influence.
