Elon Musk tells Tesla bull Dan Ives to 'shut up'
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The predictable unwinding of Elon Musk ’s romance with Donald Trump is obviously bad news for Tesla. Not only has Trump recently scrapped electrical vehicle subsidies, but Musk is now making a show of flirting with his own political party, trying to make Trump jealous. So much for focussing on Tesla!
The stock drop comes amid Musk's announcement of a new political party, which William Blair and other analysts say risks diverting attention during a crucial autonomous and roboti
Tesla analyst Dan Ives lays out 3 ways the company's Board of Directors could oversee Musk's political push and help protect shareholders.
Dan Ives, an analyst with Wedbush, wrote that Musk's continued push into politics is "exactly the opposite direction" investors want to see.