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Elon Musk says he isn’t antisemitic as advertisers flee his social-media network

Tesla CEO Elon Musk, shown attending the start of the production at a Tesla factory near Berlin, is pushing back against accusations that he has revealed himself as an antisemite.

Agence France-Presse/Getty Image

‘This past week, there were hundreds of bogus media stories claiming that I am antisemitic. Nothing could be further from the truth. I wish only the best for humanity and a prosperous and exciting future for all.’

— Elon Musk, owner of X

That’s X owner and Tesla TSLA, +0.49% Chief Executive Officer Elon Musk, in a post late Sunday on the social platform till recently known as Twitter, in which he responded to several days of criticism over what appeared to be a public endorsement of antisemitic conspiracy theories.

On Wednesday, Musk posted to X, “You have said the actual truth,” in response to a post that claimed Jewish communities support “dialectical hatred against whites.”

The ensuing uproar and a report by Media Matters that ads were placed alongside pro-Nazi content have led to an advertising boycott on X by a string of companies including Apple AAPL, +0.74%, IBM IBM, +1.09%, Walt Disney DIS, +0.84%, Warner Bros. WBD, +6.01%, Comcast CMCSA, -0.17%, Lions Gate Entertainment LGF.A, +6.15% and Paramount Global PARA, +12.11%.

The White House has also leveled criticism at Musk.

A day after Musk’s post, X’s chief executive, Linda Yaccarino, stated on the platform that the social-media group had been “extremely clear about our efforts to combat antisemitism and discrimination.”

“There’s no place for it anywhere in the world — it’s ugly and wrong. Full stop,” Yaccarino said.

On Friday evening, Musk posted a fresh comment on X: “At risk of stating the obvious, anyone advocating the genocide of *any* group will be suspended from this platform.”

Musk hasn’t been without his supporters, such as Pershing Square Capital Management founder Bill Ackman, who stated in a post on Friday that the EV, space and social media executive was “not an antisemite.”

“Musk,” allowed Ackman, “is not perfect, but the world is a vastly better place because of him.”

But the fallout for Musk, who bought X in October 2022 for $44 billion when it was still publicly listed as Twitter, has included pushback from Tesla investors. Investment manager?Ross Gerber said last week that Musk’s damage to the electric-vehicle brand was “absolutely outrageous.”

Shares of Tesla tumbled 3.8% on Thursday, though they managed to finish 9.1% higher on the week. Shares were up 0.5% in premarket trading on Monday.

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