Musk hits back at US market watchdog after lawsuit

The Securities and Exchange Commission has sued the billionaire over his alleged failure to disclose ownership of Twitter stock

SpaceX and Tesla CEO Elon Musk has labeled the US Securities and Exchange Commission (SEC) “a totally broken organization” after it filed a lawsuit against him, linked to his purchase of Twitter (later re-branded as X).

The SEC, which is tasked with enforcing laws against market manipulation, sued Musk in a federal court in Washington on Tuesday...