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Barchart
Aditya Raghunath

America Doesn’t Like Elon Musk Anymore. That’s Bad News for Tesla Stock.

Elon Musk’s move to Washington has impacted his public perception and Tesla’s (TSLA) business outlook, according to recent polling and market data. A new AP-NORC poll shows just 33% of U.S. adults now view Musk favorably, down from 41% in December, as he leads President Trump’s Department of Government Efficiency (DOGE). The partisan divide is stark, as 70% of Republicans view him favorably, compared to 10% of Democrats and 20% of independents.

Tesla’s financial results reflect this political polarization. In Q1 2025, deliveries fell 13% to 336,681 vehicles, the lowest since 2022, with revenue dropping 9% to $20.6 billion. Analysts attribute a significant portion of this decline to the brand damage caused by Musk’s political activities.

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