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Elon Musk and DOGE vs. Regulators

  Copy link into your clipboard //business-finance.news-articles.net/content/2024/12/13/elon-musk-and-doge-vs-regulators.html
  Print publication without navigation Published in Business and Finance on by The New York Times
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
More about Sarah Kessler Michael J. de la Merced has covered global business and finance news for The Times since 2006. More about Michael J. de la Merced Lauren Hirsch covers Wall Street, including M&A, executive changes, board strife and policy moves ...
The article from The New York Times discusses a series of legal and financial challenges facing Elon Musk. The SEC is investigating Musk's role in promoting Dogecoin, a cryptocurrency he has publicly supported, which has led to a lawsuit claiming he artificially inflated its value. Additionally, the IRS is auditing Musk's tax returns, focusing on potential underpayment of taxes related to his compensation from Tesla, which includes significant stock options. These legal battles coincide with Musk's broader business activities, including his management of X Corp (formerly Twitter) and his ambitious plans for space travel with SpaceX. The scrutiny from regulatory bodies adds complexity to Musk's already tumultuous public and business life.

Read the Full The New York Times Article at:
[ https://www.nytimes.com/2024/12/13/business/dealbook/musk-doge-sec-irs.html ]