Tech billionaire Elon Musk was born in South Africa but emigrated at age 17 and eventually became a naturalized U.S. citizen.

Elon Musk has spoken out about the bill multiple times, often alongside his claims that a "white genocide" is taking place in South Africa, usually in reference to farm murders and the political rhetoric of Julius Malema, the head of a left-wing political party the Economic Freedom Fighters (EFF).

During CNBC’s Squawk Box Monday, co-host Andrew Ross Sorkin asked Tennessee Senator Bill Hagerty about the president’s recent outrage at Walmart. The mega retail chain’s CFO warned last week that consumers might start to see higher prices on products as soon as June.