France could freeze Elon Musk's billions in financial assets if he's proven to have broken law

It is possible that France could freeze Elon Musk’s billions in financial assets if he is proven to have broken the law.

President of France Emmanuel Macron doesn’t seem to be a fan of the tech mogul after publicly criticizing him earlier this week.

This comes after Musk took to his own social media platform X, formerly Twitter, to back far-right political parties and condemn left-wing politicians in Europe.

Macron said: “Ten years ago, who would have imagined that the owner of one of the world’s largest social networks would be supporting a new international reactionary movement and intervening directly in elections, including in Germany.

“Who would have imagined it? This is the world in which we live and in which we are going to have to do diplomacy.”

But things might not be looking good for Musk after France recently passed new laws to crack down on foreign election interference.

In the bill, it is possible to freeze the financial assets of anyone - whether that is a person, a firm or an entity - who is found to be engaging in such interference.

Under this law, the likes of Musk could face the possibility of having his own assets freezed or even see himself being put behind bars for foreign election interference.

The Tesla boss has since responded to the accusations made by Macron by hitting out at another European politician - British prime minister Keir Starmer.

In a tweet posted yesterday (January 6), Musk wrote: “Oh like that time Starmer called @realDonaldTrump a racist and said the British government should do everything to stop him?

“Or when Starmer sent British Labour Party members to campaign in the US against President Trump this year?”

In a previous tweet, Musk also made the claim: “Starmer is evil.”

The billionaire has been very vocal online about his thoughts on European politics recently.

Other tweets of his include: “Starmer must go. He is national embarrassment,” and “The Reform Party needs a new leader. Farage doesn’t have what it takes.”

Musk also shared a tweet from a user who claimed that UK arrests for social media posts had ‘skyrocketed’ in 2024, adding: “In 2024, the UK arrested over 100 reported people for social media posts, with charges ranging from ‘grossly offensive’ content to incitement during protests.

“Critics are calling it a full-scale assault on free speech.”

In response, Musk wrote: “At this rate, the UK Government will pretty soon be executing people for liking a meme!”