Elon Musk Soap Opera Must END, says Tesla Bull Dan Ives
officially announced a new political party called the 'America Party'. The stock fell nearly 7%, raising new concerns among investors about Musk's continued focus on Tesla.
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Wedbush Securities analyst
Dan Ives
urged the company's board of directors to 'act and create ground rules for Musk'. In a client note, he wrote 'The
Tesla
Board MUST act and create ground rules for Musk', adding 'The soap opera must end.'
Tesla can't afford a distracted CEO: Dan Ives
According to Ives, 'Tesla is heading into one of the most important stages of its growth cycle… and cannot have Musk spending more and more time creating a political party which will require countless time, energy, and political capital.'
He further warned: 'Going after a handful of seats in the Senate and House heading into the 2026 mid-terms would essentially make Musk a foe of Trump and the Republican party ... which is exactly the opposite of what Tesla shareholders want to see with a very important autonomous regulatory framework now on the horizon during the Trump Administration.'
Tesla Bull lays out three-point plan for Tesla
In the note, Ives proposed a three-point action plan for Tesla board – Link Musk's pay to a clear time commitment at Tesla, form a board committee to monitor his political involvement, and if needed, offer more
Tesla shares
based on his actual involvement in the company.
He wrote: 'The Board cannot control Musk's donations … but they can have oversight if his political ambitions/endeavors interfere with his role as CEO of Tesla,' He wrote. 'The Board now has to take the bull by the horns.'
'Tesla needs Musk as CEO for another five years at least given how important of a role Musk will play in the autonomous and robotics future of Tesla,' Ives added.
Other Tesla investors urge board to act
James Fishback, CEO of investment firm Azoria and a major Tesla shareholder, pulled plans to launch a Tesla-focused ETF following Musk's announcement.
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In a letter to Tesla's board, he said Musk's political involvement 'creates a conflict with his full-time responsibilities as CEO of Tesla.'
'Elon is free to burn his own money on the ridiculous stunt that is the
America Party
,' Fishback posted on X. 'He is not free to drag shareholders down with him. Elon is a visionary CEO. He needs to focus on Tesla, not on President Trump.'
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