Summary
The EU plans to fine Elon Musk’s X over $1 billion for violating the Digital Services Act by failing to control disinformation and illicit content.
This would mark the first major penalty under the new law and could trigger a legal clash with Musk, who vowed to fight in court.
Regulators say the fine aims to deter other platforms. Tensions with the U.S. are rising, as X also faces a broader investigation.
Make it $10 billion. $1 billion is nothing to Elon Musk and X. Fine his Tesla swasticars company too for something.
This will impact the stock price. Tesla will lose more than the fine in total.