Mr. Musk has done nothing wrong and everyone sees this sham for what it is.

According to the suit, Twitters share price surged to 27 percent following the public disclosure.

The deal never happened.

Elon Musk Sued by SEC Over Failure to Disclose Twitter Stock Buys

Elon Musk listens as President-elect Donald Trump addresses a House Republicans conference on Nov. 13, 2024 in Washington, DC.Andrew Harnik/Getty Images

Musk and Tesla settled the suit, paying $20 million each, andrevisedit in 2019.