President Trump threatened to cut off Elon Musk’s federal contracts, showing that he looks at the government as his own means of penalizing those who cross him.

A poll released by YouGov on Tuesday suggests that Musk's influence among Republican voters may be waning amid the feud. Musk's net favorability among Republicans fell to +39 from +58 the week before, according to the poll.

“Well, it seems like Trump and Elon’s feud has calmed down a bit. The two still aren’t speaking, but they did release this music video today,” Fallon said on Tuesday night.

Let’s be honest: Most people thought the Trump–Musk feud would drag on for weeks. After all, you had the president threatening to review SpaceX contracts and the world’s richest man reposting Epstein rumors. The stock market blinked. The media drooled.

Tesla ( TSLA 5.66%) stock has tumbled 22% year to date amid a myriad of business and political headwinds, and Wall Street anticipates further declines. The average target price among 55 analysts is $289 per share, which implies 8% downside from the current share price of $316.

Morgan Stanley is reaching out to a broader pool of investors to shore up demand for a $5 billion debt sale for Elon Musk’s artificial intelligence startup xAI Corp., a deal that offers a window into the fallout from the billionaire’s feud with US President Donald Trump.

In a separate, one-day YouGov survey conducted June 5, amid Trump’s feud with Musk, the majority of 3,812 U.S. adults (52%) said they side with neither Musk nor Trump, while 28% said they side with Trump, 8% said they side with Musk and 11% said they aren’t sure.