It has been a rough year for Elon Musk. Over the past few years, Elon Musk, CEO of Tesla and SpaceX, has established himself as one of the most influential figures in the tech industry. He has been praised for his innovative ideas and his ambition to change the world. However, recent events have led to the question: is public perception finally turning on Elon Musk?
Musk bought Twitter and immediately started embracing the era-right to the dismay of many users. Twitter is now worth only $15 billion, nearly a third of the $44 billion that Elon Musk paid for the platform in 2022, according to Fidelity.
Meanwhile Tesla has not been immune from a decreased dose of public perception as the electric car OEM saw one of the biggest reputation drops of the past year in the annual Axios Harris Poll, from 11th in 2022 to 62nd place this year, with a 74.3 RQ (79.5 in 2022). The Axios Harris Poll 100 is a trusted ranking of the reputation of the companies most on the minds of Americans using a framework Harris has used since 1999.
FTX and Tesla, once seen as shining examples of innovation and opportunity, took two of the biggest reputational hits in this year’s Axios Harris Poll 100 brand reputation survey.
Let’s get to the pointy shall we…Tesla was just lumped into a sentence with Ponzi-scheme FTX. No bueno…
The recently released 2023 Axios Harris Poll 100 reputation rankings revealed that Tesla saw one of the biggest reputation drops of the past year, from 11th in 2022 to 62nd place this year, with a 74.3 RQ (79.5 in 2022). This significant drop in reputation can be attributed to several factors, including a series of accidents involving Tesla vehicles and a high-profile lawsuit against the company. Furthermore, Musk has faced criticism for his controversial tweets and erratic behavior, which has raised concerns about his leadership and decision-making abilities.
Another factor that may have contributed to the decline in Tesla’s reputation is the increasing competition in the electric vehicle market. As more and more companies enter the market, Tesla’s dominance has been challenged, and the company’s growth has slowed down. This has led to concerns among investors and stakeholders about the sustainability of Tesla’s business model.
In addition to the decline in Tesla’s reputation, there has also been a growing backlash against Musk himself. While he has always been a controversial figure, his recent behavior has sparked further criticism and scrutiny. For example, his decision to sell his shares in Tesla and SpaceX to fund his philanthropic ventures has raised questions about his priorities and his commitment to his companies. Furthermore, his tweets about cryptocurrencies have been criticized for their potential to manipulate markets and mislead investors.
Now Twitter is being hammered in the public’s eye.
Social media giants like Twitter, Meta, and TikTok have become household names in recent years. Millions of users have flocked to these platforms to connect with friends, share content, and stay up-to-date on news and trends. However, according to the recently released 2023 Axios Harris Poll 100 reputation rankings, these companies are among the worst-perceived brands in America. In this blog post, we will explore why Twitter, Meta, and Tiktok have ended up with such poor reputations and what it means for their future.
Twitter, Meta, and TikTok are three of the most prominent social media platforms in the world today. However, they have all received poor ratings across multiple categories of reputation. According to the Axios Harris Poll, Twitter and Meta both scored poorly in the “culture” and “ethics” categories. Each company has faced public backlash in recent years due to a series of escalating dramas and scandals. For example, Twitter recently laid off thousands of workers over email, sparking outrage among employees and customers. Similarly, Meta has faced criticism for its role in spreading fake news and harmful content online.
The Bottom Seven according to the poll:
- The Trump Organization
- Fox Corporation
- Spirit Airlines
Elon Musk is no stranger to controversy, and Twitter is no exception. In fact, it could be said that Twitter may even be one of his favorite ways to stir the pot. But as much as he loves to use the platform, he also finds himself at the center of many Twitter-related controversies. From accusations of making false promises to tweets that lead to lawsuits, some have suggested that Musk needs to be reined in when it comes to his Twitter activity. But can Elon Musk turn Twitter around and transform it into a platform for productive discourse?
One of the main criticisms of Twitter is that it can be a breeding ground for negativity and misinformation. However, Elon Musk has shown that Twitter can be a place for positive discussions as well. For example, when he tweeted about Tesla’s lithium-ion battery project, it sparked a fruitful discussion about the future of renewable energy. Similarly, when he tweeted about his intention to donate $100 million towards the development of carbon capture technology, it stimulated a conversation around the role that innovative technologies can play in mitigating climate change.
As the CEO of several high-profile companies, Elon Musk is no stranger to criticism. However, he has shown that he is willing to take criticism head-on, even if it comes in the form of a tweet. In fact, some have argued that Twitter may even be an important tool for him to receive feedback and engage with his customers. For example, when a Tesla model received criticism for requiring an expensive repair, Musk used Twitter to address the issue directly and offer to cover the costs.
Twitter is a lost cause and Musk made a poor bet after opening his big mouth about taking over the platform. Musk is going to lose a lot of money on Twitter. It’s just a matter of saving Tesla now. Tesla customers are political lefties who can’t stand the Trump-ish polarization of politics that has bled into daily American life, exemplified by Musk at Twitter. Musk needs to concentrate on saving Tesla before it is too late.