EU regulators would not only factor in X's revenue when tallying a financial penalty, but also the revenue of Musk's other companies like SpaceX, Neuralink, xAI and Boring Company. According to Bloomberg 's report, Tesla's revenue would not be factored into the equation as it is a publicly traded company and not entirely controlled by Musk.

The move comes after California Coastal Commission members raised concerns about Musk’s political rhetoric at a hearing last week.

The European Union has warned X that it may calculate fines against the social-media platform by including revenue from Elon Musk’s other businesses, including Space Exploration Technologies Corp. and Neuralink Corp.