Under the settlement with the SEC, a trust in Musk’s name would pay a $1.5 million civil penalty to the government and not admit that Musk committed any violation. The deal requires court approval, and Judge Sparkle Sooknanan expressed skepticism at a hearing yesterday in US District Court for the District of Columbia.

The Tesla CEO, 54, was filmed attending Donald Trump 's summit with Chinese President Xi Jinping on Thursday, May 14, alongside his son X Æ A-Xii, 6, whom he shares with ex Grimes .

Mr. Musk is part of a delegation of business leaders to China, where his interests include Tesla’s electric vehicle factory and solar panels.

A federal court on Monday dismissed claims filed against OpenAI and its top executives by Elon Musk, who accused them of betraying a shared vision for it to remain a nonprofit dedicated to guiding artificial intelligence’s development for the good of humanity.