Elon Musk Faces SEC Investigation , and Lawsuit by Twitter Investors , for Delayed Disclosure.br On May 25, Twitter investors filed a lawsuit br against Elon Musk for delaying br the disclosure of his stake in the company.br On May 25, Twitter investors filed a lawsuit br against Elon Musk for delaying br the disclosure of his stake in the company.br 'The Guardian' reports that investors claim Musk br saved himself $156 million by not disclosing that he br had already purchased over 5 of Twitter by March 14.br 'The Guardian' reports that investors claim Musk br saved himself $156 million by not disclosing that he br had already purchased over 5 of Twitter by March 14.br By delaying his disclosure of his stake br in Twitter, Musk engaged in market br manipulation and bought Twitter br stock at an artificially low price, William Heresniak, Twitter investor, via 'The Guardian'.br According to investors, br the recent drop in Tesla stock puts Musk's br bid to purchase Twitter in "major peril.".br According to investors, br the recent drop in Tesla stock puts Musk's br bid to purchase Twitter in "major peril.".br On May 26, Tesla sharesbr were trading at around $700. .br In April, those stocks were above $1,000.br Earlier this month, the U.S. Securities and Exchange Commission (SEC) opened an investigation into the timing of Musk's disclosure of his stake.br Earlier this month, the U.S. Securities and Exchange Commission (SEC) opened an investigation into the timing of Musk's disclosure of his stake.br Investors are reportedly seeking to br be awarded an unspecified amount br of punitive and compensatory damages.br Investors are reportedly seeking to br be awarded an unspecified amount br of punitive and compensatory damages.br On May 25, Musk pledged an additional br $6.25 billion to finance his bid br to purchase Twitter.br On May 25, Musk pledged an additional br $6.25 billion to finance his bid br to purchase Twitter.br 'The Guardian' reports that br the additional financing signals br that the deal may be progressing.br Musk had already offered $44 billion br for his takeover of the social media platform.