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Nearly half of Americans have a negative view of tech billionaire Elon Musk and his electric automobile company Tesla, a new poll conducted by CNBC that was published on Tuesday shows.
According to the CNBC All-America Economic Survey, 50% of those surveyed have a negative view of Musk, while 47% have a negative view of Tesla itself.
Similarly, just 36% saw the SpaceX CEO in a positive light, while 16% felt neutral toward him. The results of CNBC’s latest poll could indicate waning support for the Department of Government Efficiency (DOGE) head and high-profile crypto investor amid his new role as a special government employee under U.S. President Donald Trump’s administration.
Conducted between April 9 and April 12, the poll shows that just 27% of participants feel positively about Tesla, with 24% neutral about the Austin, Texas-based company.
“Uncertainty in the automotive and energy markets continues to increase as rapidly evolving trade policy adversely impacts the global supply chain and cost structure of Tesla and our peers,” Tesla said in its first earnings report of the year. “This dynamic, along with changing political sentiment, could have a meaningful impact on demand for our products in the near-term,” the organization added.
On Tuesday, Tesla posted a 71% plunge in profits for Q1 2025, with first quarter revenue down by 9% from the year prior.