On Thursday, Elon Musk posted a concerning letter on X from his attorney, Alex Spiro, to Gary Gensler, the Chair of the Securities and Exchange Commission. The letter said SEC staff had issued a “settlement demand that required Mr. Musk agree within 48 hours to accept a monetary payment or face charges on numerous counts.” Musk captioned it, “Oh, Gary, how could you do this to me?”
Oh Gary, how could you do this to me? 🥹 pic.twitter.com/OoooQI77ZS
— Elon Musk (@elonmusk) December 12, 2024
I think where it says “accept monetary payment,” that means they’re demanding he pay them — otherwise, it doesn’t make any sense.
The letter continued:
They [the SEC staff] indicated that this demand was a result of a directive from their superiors and that charges would be brought imminently unless Mr. Musk acquiesced. This demand follows a multi-year…
