Musk Ordered to Answer Questions Over His Twitter Takeover

Elon Musk has been ordered by a federal court to answer further questions from lawyers about his takeover of Twitter – now called X – on Thursday.

And the financial world has been questioning if he will be there.

The BBC is reporting that last month, he was a no-show for a court ordered appearance at the US Securities and Exchange Commission, SEC, office in Los Angeles.

Thursday’s planned interview is part of a high-level investigation into whether Musk waited too long to disclose he was building up a stake in Twitter before acquiring the social media platform in 2022.

The billionaire has previously said this delay was a mistake.

The nation’s top securities regulator is trying to force him to appear on Thursday by calling for possible sanctions.

For the September 10 court hearing, the SEC said it spent thousands of dollars to dispatch three lawyers – two from San Francisco and another from Washington DC -so they could take a sworn deposition from the billionaire tech mogul.