Wednesday, November 9, 2022

Biden says Elon Musk's relationships with foreign countries are 'worthy of being looked at'

President Joe Biden takes questions from reporters, after he delivered remarks in the State Dining Room, at the White House on November 09, 2022 in Washington, DC, Elon Musk attends Heidi Klum's 2022 Hallowe'en Party at Sake No Hana at Moxy LES on October 31, 2022 in New York City.
President Joe Biden cautioned he wasn't suggesting that Musk had done "anything inappropriate."
  • President Joe Biden said Elon Musk's ties with foreign countries are "worth being looked at."
  • He added that he wasn't suggesting Musk is doing "anything inappropriate."
  • A Saudi prince and a Qatari sovereign fund's subsidiary are major investors in Musk's Twitter.

President Joe Biden said on Wednesday evening that Elon Musk's relationships with foreign countries are "worthy of being looked at" in light of the billionaire's purchase of Twitter.

The president had been asked if he felt Musk and his Twitter acquisition posed a "threat to US national security," given Musk's business relationships with foreign governments such as Saudi Arabia's.

Biden chuckled and paused in thought before answering. "I think that Elon Musk's cooperation and, or, technical relationships with other countries is worthy of being looked at," he told reporters at a White House press conference.

"Whether or not he is doing anything inappropriate, I'm not suggesting that. I'm suggesting that it's worth being looked at, and that's all I'll say," he added.

Saudi Prince Alwaleed bin Talal, a longtime investor in Twitter, became the social media platform's second-largest shareholder after helping to finance Musk's $44 billion acquisition. Alwaleed's holding company now owns Twitter shares worth $1.89 billion, his office said last month.

The subsidiary of a Qatari sovereign wealth fund also contributed $375 million to the deal, among other investors such as Twitter co-founder Jack Dorsey and crypto exchange Binance.

China is a key production base for Musk's automaker Tesla, which set up a "gigafactory" in Shanghai in 2018. The factory made half of Tesla's global deliveries in 2021.

Sen. Chris Murphy of Connecticut, a Democrat, on October 31 called for an investigation into the national security risks that may come from Saudi stakes in Twitter.

"We should be concerned that the Saudis, who have a clear interest in repressing political speech and impacting US politics, are now the second-largest owner of a major social media platform," he tweeted.

White House officials had earlier denied reports that it was planning a security review of Musk's dealings with Twitter.

"The national security review, that is not true," said White House press secretary Karine-Jean Pierre on October 24.

Read the original article on Business Insider


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