Musk Calls Soros ‘Magneto’ After The Latter Sells His Share In Tesla

Tesla CEO Elon Musk recently took shots at billionaire shareholder George Soros on Twitter. It coincided with the revelation of Soros’ complete disengagement from the electric car manufacturer.

George Soros‘ office, Soros Fund Management, originally bought 42,000 units of Tesla in 2022, then raised its stake to 132,000 shares. With Tesla shares up 68% in the first period, the fund is expected to have earned huge gains from the business’s stock price boom.

However, immediately after Soros’ Tesla position became public, Musk responded with a tweet linking Soros to Magneto. He is an X-Men comic-book character with the capacity to produce and manipulate magnetic fields. As Musk put it, “Soros reminded me of Magneto.”

Magneto, like Soros, is a Holocaust survivor, according to his backstory. Magneto is traditionally presented as a villain who opposes the X-Men, although in recent times, he is regarded as an anti-hero.

Musk answered with a “fair point” when a user objected and argued Magneto is “way cooler.” It’s unclear whether Musk realizes what a heavy connection he made.

In reaction to Musk’s post, freelance investigative reporter Brian Krassenstein drew comparisons between Magneto and Soros, noting how their time as Holocaust survivors affected their worldview and humanity.

“Fun fact is that Magneto’s ordeal as a survivor during the Holocaust influenced his viewpoint as well as his profound understanding and empathy,” Krassenstein tweeted.

“Soros, a Holocaust survivor, is often chastised for his sincere motives, which some Americans regard as reprehensible simply because they differ with his political views,” he explained.

Critics claim that George Soros benefits from the monetary and social catastrophes he causes by sponsoring left-wing organizations around the world to push his ideological goals.

Soros’ advocacy network, the “Open Society Foundation,” claims to donate billions of dollars in funding to organizations around the world to establish “inclusive and vibrant democracies.”

Musk stated Soros’s intentions are bad and he hates humanity.

Far-right conspiracy theories commonly target George Soros. Many people on social media have made derogatory and inaccurate comments about Soros.

Some of these accusations include Mr. Soros having been a former Nazi, which a 2020 Reuters story refuted. According to the news agency, Mr. Soros and his loved ones were not Nazis, but rather Hungarian Jews residing in Budapest during WWII.

Conservatives frequently attack Soros because he finances many civic activities through his Open Society Foundations, particularly in Eastern Europe and Hungary after the fall of the Iron Curtain. These are usually aimed at bolstering democracy and deterring the resurgence of the toxic nationalism that caused two world wars.

The world’s second-richest billionaire did not explain why he attacked Soros, but each quarterly SEC report last week disclosed that the investor unloaded all of his $16 million holding in Musk’s company. It also includes the majority of his stake in EV rival Rivian.

Musk’s tweet received almost 23 million views by Tuesday evening. Musk has frequently portrayed himself as humanity’s greatest fan and an ally of the innocent. He said his top aim at Twitter is to eradicate abuse of children on the social network.

However, his ties to imprisoned sex trafficker Jefferey Epstein were thrust into the spotlight again on Monday, when it was revealed that he, along with many other affluent IT entrepreneurs, had been subpoenaed late last month.

The court order requires Musk to turn over any material relating to his interactions with the deceased fund manager and J.P. Morgan. It may be relevant to a case filed by the US Virgin Islands against the Wall Street firm.

On Monday, Musk termed the subpoena, which alleges Musk may have received advice from Epstein but fails to accuse him of any crime, “absurd” and “idiotic on so many levels.”

It’s not uncommon for Musk to strike back at his detractors. When Bill Gates invited him to participate in a charitable event, Tesla’s CEO declined because the Microsoft co-owner had made bearish bets on his EV maker.

Musk then made a mockery of Gates’ body.

However, among the alt-right, Soros’ anti-ethnic identity attitude has garnered him harsh criticism. He is frequently ranked at the top of the list of globalist elites allegedly seeking dominion over everything and everyone.

However, because Soros is Jewish, attacks on his person are sometimes perceived as antisemitic dog-whistling. Musk’s achievements in electric cars and machine learning have largely shielded him from criticism for his increasingly contentious social media presence.

He’s been in hot water before, and this isn’t the first time he has fueled anti-Jewish hate sentiments. In a recent Twitter post, Musk compared himself to Trump, who was under criticism at the time for anti-Semitic sentiments.

In the instance of the former president, it was for borrowing extensively from unfavorable stereotypes. In another, he effectively compared Justin Trudeau to Adolf Hitler, who massacred six million Jews.

“Enough! Elon Musk, Hitler isn’t a meme; he was an evil incarnate,” the Jewish activist group Simon Wiesenthal Centre tweeted on its official account, urging the businessman to apologize to Trudeau.

Soros predicted earlier this year that the Adani-Hindenburg controversy would “significantly weaken Modi’s stranglehold on India’s federal government” and “open the door for pushing for vital institutional reforms.”

“I may be foolish, but I anticipate a democratic rebirth in India,” Soros stated in February 2023.

Soros is also known as ‘The Man Who Broke the Bank of England’ because he shorted $10 billion in British pound sterling in the aftermath of the 1992 Black Wednesday UK financial crisis, making a $1 billion profit.

While Soros was reducing his stake in Tesla, his fund increased its holdings in Norfolk Southern Corp. Norfolk is the very same company that is being sued by the government of Ohio as well as the US Justice Department for the February 3 train breakdown of 38 railcars.

Eleven of them were carrying hazardous materials, resulting in the accidental discharge of hydrogen chloride as well as phosgene in the air/water. Also, in an evacuation of people within a one-mile radius of the incident.

However, detractors claim that George Soros has a reputation for benefitting from the financial and social crises he causes by sponsoring left-wing organizations all over the world to advance his ideological goals.

According to its website, his ‘Open Society Foundation’ advocacy network has granted $32 billion to NGOs around the world. As per the network, it awards “thousands of grants each year towards the development of inclusive and vibrant democracies.”

Soros, 92, spent $35 million on Tesla convertible bonds in 2018. According to Bloomberg, Soros is one of the world’s richest persons, with $8.5 billion.

Earlier, there was suspicion on Twitter claiming Soros had died, but the 92-year-old confirmed his health on Monday. Earlier in 2013, Reuters released a ‘premature’ obituary, although eventually, it issued an apology after the phony report went viral.

Elon Musk has stated that he is unconcerned if his incendiary tweets frighten away potential Tesla consumers or Twitter advertising.

Musk appointed former NBCUniversal advertising executive Linda Yaccarino to take his place of him as Twitter’s CEO last week. It was largely interpreted as an attempt to revive Twitter’s ad business.

Soros Fund Management made further changes to its portfolio in addition to the Tesla as well as Rivian trades. The fund lowered its stake in First Horizon Bank by 14.37%, to 7.31 million shares.

This action came amid major turbulence in the financial services sector, owing to Silicon Valley Bank’s sudden failure in March, which had a ripple effect throughout the industry.

During the quarter, the fund, on the other hand, made additional investments, buying shares in retail giant Walmart, streaming provider Netflix, and JD.com. These additions show the fund’s belief in these firms and their growth potential.

Proofread & Published By Naveenika Chauhan