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Hello, this is Victor Davis Hanson for the Daily Signal.
There's a lot of controversy about Elon Musk. His reputation took a big hit, remember, right after the election, because half the country voted, roughly 48%, voted against Donald Trump. Elon Musk had flipped from a former Hillary Clinton supporter and Joe Biden supporter to a firm MAGA adherent and voted for Donald Trump in 2024.
As a result of that and his comments opposing illegal immigration, there were people who not only were demonstrating against [Immigration and Customs Enforcement], but attacking Tesla dealerships. Everybody said that Elon Musk's brand had suffered accordingly, that Tesla was on the way down, that European and American [electric vehicle] makers, along with Chinese EV makers, would dominate the market, given the tarnishing of the Musk brand and in conjunction with the end of the federal subsidy for electric vehicles.
So, people were suggesting that the era of Elon Musk was over. He was very controversial, and he was outspoken on his own platform, X, on conservative issues such as illegal immigration, green energy, [artificial intelligence] in ways that infuriated the Left. And the Left, remember, was considered the natural consumer of electric vehicles.
So, are we watching the decline of Elon Musk? No. No, no, no. The exact opposite is happening. In the second quarter of 2026, Tesla had a rebound, and it captured 52% of all the EVs sold in the United States. It has a market capitalization of $1.2 trillion. The other "Big Three" automakers are beginning to exit the EV market.
China cannot send their EVs into the United States. Why did Tesla rebound? Was it because all of a sudden Elon Musk had a fight with Donald Trump for a while? No. Was it because he apologized to the Left? No. It's because when you buy a Tesla and you drive it and you compare it with other brands of the Big Three in terms of distancing, acceleration, safety, appurtenances, it's not just better, but it keeps getting better geometrically, at a geometric rate, not just an arithmetic.