Overview

• Elon Musk announced his withdrawal from politics, citing that he has 'done enough' after months of public criticism and declining popularity.
• Polling data from Ipsos reveals Musk’s net favorability is at -17 overall and -91 among Democrats, marking a dramatic fall from his earlier positive ratings.
• Tesla’s net favorability has dropped to -20, with first-quarter sales showing a year-over-year decline, reflecting the brand's struggle to separate from Musk's reputation.
• Donald Trump, who previously mentioned Musk frequently on Truth Social, has ceased publicly referencing him since early April, signaling a distancing from the controversial figure.
• Musk’s tenure in the Department of Government Efficiency and alignment with far-right narratives are seen as key contributors to his reputational and commercial challenges.