Billionaire Elon Musk has filed a motion to dismiss the Securities and Exchange Commission (SEC)’s lawsuit regarding his substantial ownership stake in Twitter, now rebranded as X. The lawsuit alleges that Musk delayed disclosing his 5% share purchase for over ten days, violating securities laws. 🚨 ⚖️ Musk’s legal team argues the delay was due to consultation with securities counsel and maintains it was a result of an error rather than a willful violation. They further assert that the SEC’s actions are unwarranted targeting, as Musk corrected the issue promptly after learning of potential disclosure requirements. 🔍 💻 The SEC has not yet responded to requests for comment. Meanwhile, this isn’t Musk’s only legal battle, as the Ethereum-based gaming network xAI filed a lawsuit against his company xAI regarding trademark infringement due to name similarity. 🚀