German Chancellor Olaf Scholz disregarded tech billionaire Elon Musk's backing of the far-right Alternative for Germany (AfD) party. Germany's election is expected to be held early after the chancellor lost a confidence vote on Monday.

German Chancellor Olaf Scholz has dismissed an assertion by Elon Musk that only a far-right party can “save Germany.”

A senior lawmaker from Chancellor Olaf Scholz’s Social Democrats railed against Elon Musk’s interference in German politics and called for a new antitrust act to constrain his influence in the corporate world.

The tech billionaire who has already made a name in American politics offered his endorsement following a deadly German Christmas market attack.

Musk has been amplifying right-wing, anti-immigration voices on X for years and has already questioned criticism aimed at the AfD back in June. In September 2023, he denounced Germany for giving money to charities and rescuing migrants in the Mediterranean Sea.

Germany’s intelligence agency has monitored the party, known as Alternative for Germany, for suspected extremism.

The controversial billionaire and increasingly close confidant of President-elect Donald Trump is now sticking his head into Germany's elections.

Germany's Olaf Scholz has dismissed an assertion by Elon Musk, who said that a far-right party can “save Germany'. Germany is set to vote in an early election in February next year following the collapse of Scholz's three-party governing coalition collapsed last month.