Elon Musk to Testify in SEC Probe Over Secret Twitter Stock Purchases

Musk is accused of hiding his Twitter stake to buy shares at lower prices, facing multiple lawsuits and regulatory scrutiny.

Musk allegedly ignored warnings about disclosure obligations while amassing Twitter shares.
A lawsuit claims Musk saved over $200 million by delaying disclosure of his stake.
Musk has agreed to testify after initially refusing, following a court order.
The SEC is investigating potential violations of federal securities laws in Musk's Twitter acquisition.
Morgan Stanley is implicated in developing a strategy to secretly acquire Twitter shares.