As per Musk's settlement with the SEC, he and Tesla each paid $20 million in fines and agreed to allow a Tesla lawyer to approve some of his posts on Twitter. The SEC filed a lawsuit against Musk in October 2023, seeking his testimony regarding his Twitter stock purchases and the subsequent rebranding of the platform to X. The Biden administration also recommended that the Supreme Court not entertain Musk's appeal which was filed in in December 2023 after a lower court upheld his consent decree with the SEC.