Tesla CEO Elon Musk lashed out at Wedbush’s Dan Ives after the analyst posted three board recommendations for the company on X, according to CNBC. Ives called for a new pay package giving Musk 25% voting control, formal time commitments to Tesla, and restrictions on political activity. Ives stood by his recommendations, despite the jabs. The analyst is a Tesla bull and maintains a $500 price target on the stock. His post followed Tesla’s nearly 7% stock drop Monday, erasing $68 billion in market value. The clash comes as Musk launches a new political group, the America Party, and continues to draw criticism from Tesla bulls. William Blair downgraded the stock Monday, citing investor fatigue with Musk’s distractions. Tesla shares are down 25% year-to-date, the worst among megacap tech stocks.
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Elon Musk Snaps At Analyst Dan Ives After He Urges Tesla Board To Rein In CEO
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