Newman: Trumpers are souring on Elon Musk
Published On Feb 7, 2025, 3:06 PM
The recent article discusses Elon Musk's declining popularity among Trump supporters amidst his controversial role in the Trump administration. A YouGov poll reveals a significant drop in the percentage of Republicans who want Musk to have influence over Trump, down from 49% in November to 38%. Musk's aggressive cost-cutting efforts through his government commission have gained him enemies, particularly among Democrats and some within the Trump camp, including Steve Bannon, who openly criticize his approach. Despite this backlash, Musk continues to pursue his agenda, aiming to find substantial annual savings in government spending.
Stock Forecasts
TSLA
Negative
Musk's declining reputation and growing opposition may impact Tesla's market perception among its traditional investor base, particularly those who align with the Republican party and its supporters. A potential backlash could lead to decreased sales or stock volatility.
Related News
After DeepSeek Upended the Market, Is It Worth Investing in A.I.?
Feb 7, 2025, 9:00 AM
After the arrival of a less costly A.I. model from China, U.S. markets and academics are wrestling with the ultimate economic value of the technology.
Stock market today: Dow, S&P 500, Nasdaq slide as inflation, tariff fears push stocks to another losing week
Feb 7, 2025, 5:53 PM
Investors took in Amazon earnings, with the all-important jobs report on deck.
Stock market today: Dow, S&P 500, Nasdaq slide as inflation, tariff fears push stocks to another losing week
Feb 7, 2025, 5:53 PM
Investors took in Amazon earnings, with the all-important jobs report on deck.