As Twitter desperately tries to fend off his hostile takeover bid, Elon Musk could be facing another potential battle with the federal government, with both the Securities And Exchange Commission (SEC) and the Department of Justice reportedly poised to launch an investigation targeting him.
Fox Business reporter Charles Gasparino said Thursday that as Elon Musk offered to buy Twitter, a legal source told his network that the Securities and Exchange Commission and the Department of Justice launched what he described as a "joint investigation" into a "myriad of Musk regulatory issues primarily involving Tesla."
In a surprise announcement, Elon Musk turned down a seat on Twitter’s board of directors, according to a recent post by the company CEO, while speculations abound on the rejection as Musk was increasingly vocal about bringing about changes on the platform.
Conservatives call for Donald Trump's reinstatement on Twitter after Tesla CEO Elon Musk became the social media platform's largest shareholder and a member of its board of directors.