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!
Dan Ives, an analyst with Wedbush Securities, wrote that Musk's continued push into politics was "exactly the opposite direction" investors wanted to see.
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United News of Bangladesh (UNB) on MSNTesla shares plunge 7% as Trump-Musk feud reignites, sparking investor concernsTesla shares dropped 7% on Monday amid a renewed public feud between CEO Elon Musk and former U.S. President Donald Trump, alarming investors already wary of the electric carmaker's political entanglements and slumping sales.