Elon Musk Soap Opera Must END, says …
Tesla’s market value dropped by over $80 billion on July 7 after CEO Elon Musk 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. 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
