Elon Musk's pledge to give away $1 million daily to individuals signing his online petition supporting the First and Second Amendments at a Trump rally has drawn legal scrutiny. Election law experts are questioning the legality of these cash payments.
Concerns have been raised that such payments could be interpreted as inducing or rewarding votes, which is a federal crime punishable by prison time. This situation links Musk's personal political actions to potential legal challenges.
The controversy surrounding these payouts creates reputational risks for Tesla, as its CEO's activities are under public and legal examination. This could divert attention from the company's core business and impact investor sentiment.
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