As Tesla Inc (NASDAQ:TSLA) CEO Elon Musk pursues his political aspirations, Wedbush analysts have called on the EV-maker's board of directors to take decisive action to preserve leadership stability and protect shareholder interests. The analysts reiterated their ‘Outperform' rating on Tesla and a $500 price target, while warning that the “soap opera must end.
Jon McNeill, DVx Ventures CEO and former Tesla president, joins CNBC's 'Squawk on the Street' to discuss Tesla's path forward following Elon Musk's announcement of a potential political run, reactions to Waymo's expansion to new cities, and more.
TSLA dives nearly 7% yesterday as Musk launches the America Party, raising fresh concerns over distraction and leadership focus.
This is “tipping point in the Tesla story,” Tesla hawk Dan Ives said.
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.
Key Points in This Article: AI robotics is set to transform industries, with Nvidia CEO Jensen Huang at CES 2025 forecasting a $1 trillion market by 2030.
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.
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.
Tesla (TSLA) reached $293.94 at the closing of the latest trading day, reflecting a -6.79% change compared to its last close.
Major U.S. equities indexes dropped to start the new trading week.
Last week, President Donald Trump signed his One Big Beautiful Bill Act into law. The legislation is unpopular with Americans across the political spectrum, primarily because it will cut critical social and health services for more than 10 million people while at the same time giving the country's wealthier individuals billions in tax breaks.