Elon Musk responds: Countersuit accuses Twitter of fraud

Elon Musk alleges that Twitter committed fraud and breach of contract. The billionaire offered to buy the social media company, then tried to back out by claiming Twitter was infested with “spam bots” and fake accounts.

Musk ordered to abide by SEC settlement over 2018 tweets

The whole dispute stems from an October 2018 agreement with the SEC that Elon Musk signed where he and Tesla each agreed to pay $20 million in civil fines over tweets about having the “funding secured” to take Tesla private.