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Musk rallies the far right in Europe. Tesla is paying the price
U.S. President Donald Trump at the Oval Office · Reuters

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LONDON (Reuters) - For the past two months, tech billionaire Elon Musk has promoted Germany’s far-right party in at least two dozen posts on his X platform, interviewed its leader, and told his 219 million followers it was the country’s “only hope.”

Yet Musk’s support for Alternative fur Deutschland played little part in the party’s stunning second-place result in the February 23 election, according to a Reuters review of his posts and polling data as well as interviews with political analysts.

The Tesla CEO appears undaunted, continuing to promote right-wing causes across Europe. While the most noticeable impact, so far, seems to be damage to Tesla’s brand, analysts say he may have a longer-term goal for his business empire: backing political parties that might cut back regulations he thinks impede tech innovations.

Musk and Tesla did not respond to requests for comment for this story.

In January, Musk bemoaned what he called Europe’s “layer cake of regulations and bureaucracy.” After a European Union official threatened to sanction him last year, Musk responded on X with a meme that quoted from the action-comedy movie “Tropic Thunder”: “Take a big step back and literally, fuck your own face!”

The AfD — classified by Germany's domestic intelligence service as a suspected extremist group — is now Germany’s largest opposition party after last month’s election, despite the stigma the far right traditionally carries due to the country’s Nazi past. One of the party’s senior politicians had to step aside last year after declaring that the SS, the Nazis' main paramilitary force, were "not all criminals." Musk broadcast his interview with AfD leader Alice Weidel on X on January 9.

The AfD’s growing popularity illustrates a phenomenon spreading across Europe as populist far-right parties make their biggest gains in decades.

Once on the political fringes, they now hold or share office in Italy, the Netherlands, Hungary, Slovakia, Finland and Croatia. They are either the largest or second-largest parties in the parliaments of Sweden, Austria and now Germany, and have surged in polls in France. Support for the far right has also grown in Romania, Belgium, Spain and Portugal.

They have been buoyed by high immigration, economic stagnation and perceived restrictions on free speech – all issues Musk has amplified in his X posts. These have increasingly focused on European politics since Musk helped President Donald Trump win back the White House in November, according to a Reuters review of more than 20,000 of Musk’s posts and reposts.