Check out the current price of TSLA stock here.
What Happened: On Sunday, in a post on X, Wedbush Securities senior analyst Dan Ives was blunt in his assessment, saying Musk's move was “exactly the opposite direction” of what most investors would have wanted him to take, during what he refers to as a “crucial period for Tesla.”
Ives says he gets why Musk is doing this, but adds that it’s just causing exhaustion for investors in the company, as the stock dropped over 6% in pre-market trade, before recovering to -0.85% at the time of writing this, in response to the announcement.
See Also: Peter Thiel Says Elon Musk Vision Of A Billion Humanoid Robots In Ten Years Makes All The Hand-Wringing Over Deficits Look ‘Unthought-Through’
Musk diving deeper into politics and now trying to take on the Beltway establishment is exactly the opposite direction that most Tesla investors want him to take during this crucial period for Tesla. We get why Musk doing this…just causing exhaustion from many investors.
— Dan Ives (@DivesTech) July 6, 2025
Long-time Tesla bull and CEO Gerber Kawasaki, Ross Gerber, also voiced his frustration, saying that “Waymo has solved autonomous driving. Meanwhile, Elon is starting a new political party.”
His remark underscores concerns that Musk's focus may be drifting from Tesla's operational priorities at a pivotal time for the ...
