SEC Obtains Elon Musk Texts In Twitter Lawsuit [Video]

Elon Musk‘s texts have been obtained by the Securities and Exchange Commission as part of its lawsuit against him over allegedly failing to disclose his interest in Twitter.

The SEC says that the messages show that Musk privately told Twitter’s board that he owned at least 5 percent of its stock, over a week before he publicly announced it.

Newsweek sought email comment from the SEC and from Musk’s New York-based attorney on Wednesday.

Why It Matters

The texts could offer valuable insight into how Musk came to purchase one of the world’s largest social media sites. On January 20, Musk will become joint head of President Donald Trump‘s new advisory Department Of Government Efficency, potentially affording him enormous influence over the federal government, including the SEC.