Overview

• Elon Musk filed a motion on Thursday to throw out the SEC's civil case in Washington, D.C., over his 2022 Twitter share disclosures.
• The SEC alleges he crossed the 5% ownership threshold in March 2022, missed the 10‑day filing deadline by 11 days, and kept buying stock before revealing a 9.2% stake on April 4.
• Regulators are seeking civil penalties and disgorgement of profits tied to what they call purchases at artificially low prices exceeding $500 million.
• Musk's lawyers say the error was corrected promptly, he stopped buying after counsel was consulted, and the agency does not allege intentional or reckless misconduct.
• The filing meets a court response deadline, and the case remains in pretrial proceedings pending the judge's ruling on the dismissal bid.