The Securities and Exchange Commission is preparing “multiple cases” against Elon Musk, according to a letter from his lawyer Musk posted theIt has “reopened its investigation into Neuralink.”
The letter lacks some specific details — such as what the charges might entail, and how many Musk companies would be affected. Instead, Musk's attorney, Alex Spiro, complains that “Commission staff issued a settlement demand that required Mr. Musk to agree to accept a monetary payment within 48 hours or face charges on multiple accounts.” ” This is also somewhat vague; Presumably, Spiro means Musk will Salary fine rather than accepting money from the SEC.
The letter described this history as “more than six years of harassment”.
It is not clear from Spiro's letter whether the allegations the SEC is making have anything to do with the Twitter case or something else. reuters first reported The Justice Department was investigating whether Tesla's self-driving claims were actually securities fraud. In 2023, Reuterspointed out that MPs had asked SEC Neuralink's investigation into Musk's comments about the safety of the company's brain device.
Musk also asked his AI, Grok, to draw a photo of Gensler. The image depicts a snail In a business suit, which appears to be a reference to Gary the Snail Spongebob SquarepantsA television show for children.