Securities and Exchange Commission v. Elon Musk, et al.
Final
- Court
- U.S. District Court for the District of Columbia
- Case number
- 1:25-cv-00105
- Filed
- 14 Jan 2025
- Parties
- SEC v. Elon Musk and the Elon Musk Revocable Trust dated July 22, 2003
What was claimed
Failure to timely file a beneficial ownership report after acquiring more than 5% of Twitter stock in 2022 (Exchange Act Section 13(d), Rule 13d-1).
What the court decided
Consent settlement approved 2026-07-08: $1.5 million penalty against the Trust, without admitting or denying; claims against Musk personally to be dismissed under the SEC's proposed terms.1 2 3 4 5
Securities and Exchange Commission v. Elon Musk
Final
- Court
- U.S. District Court for the Southern District of New York
- Case number
- 1:18-cv-08865
- Filed
- 27 Sep 2018
- Parties
- SEC v. Elon Musk
What was claimed
Securities fraud over August 2018 statements about taking Tesla private.
What the court decided
Final judgment on consent settlement entered 2018-10-16 ($20 million penalty, chairman step-down, no admission or denial); amended 2019-04-26.6 7 8 9
In re Tesla Inc. Securities Litigation
Decided
- Court
- U.S. federal district court, San Francisco; U.S. Court of Appeals for the Ninth Circuit
- Filed
- 2018
- Parties
- Tesla shareholders (class) v. Tesla, Inc., Elon Musk and others
What was claimed
Investors claimed the August 2018 'funding secured' tweets misled them and caused losses.
What the court decided
Jury found defendants not liable on 2023-02-03; Ninth Circuit affirmed denial of a new trial on 2024-11-06.10 11 12
In re Tesla, Inc. Derivative Litigation (Tornetta v. Musk)
Decided
- Court
- Delaware Court of Chancery; Delaware Supreme Court
- Case number
- C.A. No. 2018-0408; Del. Supr. Nos. 534, 2024; 10, 2025; 11, 2025; 12, 2025
- Filed
- 2018
- Parties
- Richard J. Tornetta (derivatively on behalf of Tesla) v. Elon Musk and Tesla directors
What was claimed
Breach of fiduciary duty in approving Musk's 2018 CEO performance award.
What the court decided
Chancery ordered rescission (2024-01-30); Delaware Supreme Court reversed the rescission remedy and reinstated the award, awarding $1 nominal damages and revised fees (2025-12-19); Chancery amended final judgment with about $65 million in fees, costs and interest (2026-03-18).13 14 15 16 17
- Court
- U.S. District Court for the Northern District of California; appeal to the U.S. Court of Appeals for the Ninth Circuit
- Parties
- Giuseppe Pampena and a class of Twitter investors v. Elon Musk
What was claimed
Securities fraud over two May 2022 statements about Musk's pending Twitter acquisition.
What the court decided
Jury verdict for the class on 2026-03-20; partial judgment against Musk 2026-04-03; judgment as a matter of law granted for Musk on one statement 2026-07-06; appeal filed 2026-07-30.9 18 19