US Magistrate Judge Laurel Beeler orders Elon Musk to comply with SEC subpoena and testify regarding Twitter acquisition.

Musk and SEC must agree on date and location for testimony within one week as per court order.

Musk has opposed the SEC's subpoena, labeling the investigation as 'baseless' and 'harassing', and questioning the SEC's authority.

The court has determined that the subpoena and testimony are not unduly burdensome for Musk.

The SEC's investigation, bolstered by thousands of new documents, focuses on the period prior to Musk's Twitter takeover.

The $44 billion Twitter deal, closed in October 2022, followed Musk's initial attempt to back out and subsequent legal action by Twitter.

The outcome of the SEC's investigation could impact Musk's future business activities and the broader tech industry's regulatory environment.

As of the time of the report, neither the SEC nor Musk's lawyer have commented on the judge's order.