A specialized trust will pay a $1.5 million civil fine to resolve claims of delayed financial disclosures.
The billionaire billionaire did not admit to any wrongdoing during the negotiation process with federal regulators.
Judge Sparkle Sooknanan must still provide final approval for this agreement in a Washington D.C. court.
This deal concludes years of tension between the Tesla CEO and the securities commission over various public statements.
His legal team maintains that Musk remains cleared of all issues regarding the timing of his filings.
Critics argue the penalty represents a modest sum given the scale of the initial Twitter stock purchases.
New leadership at the agency continues to shift enforcement priorities toward different regulatory goals.
Musk successfully integrated the platform into his growing empire of innovative technology companies.
