As my colleague Fred Schneider wrote about Elon Musk back in March:
"But what I do know about Elon Musk is very clear: he's not a politician, doesn't want to be. He's a businessman... an oligarch. If he thought he could make a billion dollars producing nothing but vegan foods and other products and thought campaigning to outlaw meat, junk food, and soft drinks, so his vegan business would be even more successful, that's exactly what he would do. Even while still eating cheeseburgers (and I don't what he actually like to eat) with fries and washing that down with chocolate milkshake. And that would make him very popular with the Hippie-Left in America, (to keep it real) even if they founded out that he still eats meat and likes his junk food and soft drinks...
From The New Democrat
As Fred said, Elon Musk is not a politician, or even a political activist. At least not a full-time political activist, who tries to advance some partisan movement, or political philosophy. He's a businessman... an oligarch. The only thing or person that he wants to advance, is Elon Musk. And he's just the latest person who got into bed with Donald Trump and came out soaking in sweat, because the only person whoever does well with Donald Trump... is Donald Trump. A look at what has happened to Elon Musk and his company Tesla since Musk went to work for the President in January:
"Several sources suggest that Tesla's stock value experienced a decline during the period Elon Musk was involved with the White House and the Department of Government Efficiency (DOGE), starting in early 2025.
Here's a summary of the reported losses and impacts on Tesla:
Significant Stock Value Loss: Tesla's stock value has lost $565 billion since "Inauguration Day," based on an Investor's Business Daily analysis.
Musk's Personal Wealth: During this time, Musk's net worth plummeted a reported $122 billion, nearly double the amount he reportedly helped save the government.
Profit Crash: In the first three months of 2025, Tesla's profits crashed 71% to $409 million, compared to $1.39 billion in the same quarter of the previous year.
Brand Damage: One analyst suggested that Musk's role in the Trump administration and DOGE created "brand damage and a black cloud over the story" of Tesla.
Sales Decline: Tesla sales were down 13% over the previous year, with the company's worst quarter since 2022.
Possible Stock Overhang: One analyst believed that Tesla's stock had a 20% "overhang" tied to Musk's presence in the White House, suggesting his departure might alleviate it.
It's important to note that Musk's involvement with the White House and his role as head of the Department of Government Efficiency were temporary. He was designated as a "special government employee" with a 130-day time limit. His departure was announced near the end of May 2025
Source: Investors Business Daily
Pre-Donald Trump, even the left in America liked Elon Musk. They saw him as a rockstar celebrity, who made electric vehicles, perhaps even as some hipster guru or something. But that's gone now, thanks to Donald Trump and DOGE. And maybe he doesn't like the "Big Beautiful Bill", (that The New Democrat calls the Big Ugly Debt Bomb) but when Elon Musk loses money on a deal and his "brand"suffers as a result, he tends to take it out on the people he was doing business with. I think that's all we're seeing here. Doing business with MAGA has really hurt Mr. Musk and now he's fighting back.
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