Dan Ives, a leading Tesla (NASDAQ: TSLA) bull on Wall Street, has suggested that it's time for the company's board to take action to rein in CEO Elon Musk's increasing political focus.
Dan Ives, a leading Tesla (NASDAQ: TSLA) bull on Wall Street, has suggested that it's time for the company's board to take action to rein in CEO Elon Musk's increasing political focus.
Shares of Tesla rose 1% in premarket trading, but remained down more than 10% since Musk began to publicly go after Trump last month. The stock tumbled 6% Monday as investors reacted to Musk's launch of a new political party, leading to a $12 billion drop in Musk's net worth.
In the United States, Tesla, Ford, and General Motors all look relatively bullish over the intermediate term, despite the fact that there has been nonsensical drama surrounding Tesla itself.
Tesla shares fell nearly 7% after Musk launched the America Party, escalating a feud with Donald Trump. Musk lost $15 billion in net worth following the sell-off, per the Bloomberg Billionaires Index.
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