Billionaire Musk subpoenaed over $1 million voter giveaway - details

Tesla and SpaceX CEO Elon Musk has been subpoenaed by the Securities and Exchange Commission (SEC) over his $1 million voter giveaway on Twitter.

The subpoena, which was filed on Monday, seeks documents and communications related to the giveaway, which Musk announced on Twitter on October 27.

In the tweet, Musk said that he would give $1 million to anyone who could prove that they voted for a Democrat in the upcoming midterm elections.

The SEC is investigating whether Musk's giveaway violated securities laws. The agency is specifically looking into whether Musk's tweet was an attempt to influence the outcome of the election.

Musk has denied any wrongdoing. He has said that the giveaway was a joke and that he did not intend to influence the election.

However, the SEC is taking the matter seriously. The agency has subpoenaed Musk for documents and communications related to the giveaway.

The SEC is also investigating whether Musk's tweet violated Twitter's terms of service. Twitter has a policy against using the platform to promote illegal activities.

The SEC's investigation is ongoing. It is unclear whether Musk will be charged with any wrongdoing.