Steve Bannon Torches Elon Musk: "Xi Jinping Owns Him"

Steve Bannon has offered a blistering opinion of Elon Musk, describing the billionaire businessman as a “complete phony” who is bound to the restraints of the Chinese Communist Party (CCP),” Meaghan Ellis reported for BBC News.

Photo Insert: "But, he is owned lock, stock, and barrel by the Chinese Communist Party, and he acts like it," said the notorious Trump loyalist.

Bannon's remarks came on Friday, Mar. 10, during Tim Pool’s podcast where he was asked about the Twitter CEO's tweet suggesting he'd “open to the idea” of a Silicon Valley Bank (SVB) acquisition.

The tweet came as the bank made history by suffering from the second-largest financial institution failure in US history.

According to Bannon, Musk is inauthentic. "Elon Musk is a total and complete phony. He is in bed and his business partner–he’s done some good stuff… It’s fine," he said. "But, he is owned lock, stock, and barrel by the Chinese Communist Party, and he acts like it."

Bannon, the former White House advisor under the Trump administration, attempted to downplay the possibility of the acquisition.

"He’s owned by the Chinese Communist Party. What are you talking about? Tesla, the only thing of real value is Tesla. He uses it for margin loans. He sells the stock," Bannon said.

He added "the Shanghai joint venture is 100% controlled by the CCP. This is why he never goes after the CCP. This is why he always backs off. This is when they had the protest, they had the protest about the lockdowns of Covid. He will not do it."

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