The US Securities and Exchange Commission sued Elon Musk on Tuesday for allegedly failing to properly disclose his ownership of X, then known as Twitter, as

Elon Musk was sued on Tuesday by the U.S. Securities and Exchange Commission for having failed to timely disclose purchasing more than 5 per cent of Twitter's common stock in March 2022.In a complaint filed in Washington,

"Musk underpaid Twitter investors by more than $150 million for his purchases of Twitter common stock during this period," the SEC said.