Tesla, Elon Musk and Grok
Digest more
4don MSN
Tesla CEO Elon Musk is lashing out at Wedbush Securities analyst Dan Ives, telling the technology analyst to "Shut up." On his social media platform X on Tuesday, the billionaire posted "Shut up, Dan,
Tesla CEO Elon Musk didn't appear to like Wedbush analyst Dan Ives' suggestion that the company should rein in Musk's time spent on politics.
LinkedIn cofounder and top Democratic donor Reid Hoffman said he's "very sympathetic" to Musk's core cause of reining in deficits.
Tesla stock price fell Monday after Musk said he's formed the America Party, the latest development in the billionaire's feud with President Trump.
Mr. Musk’s involvement in politics and his financial support for the president’s campaign were once seen by investors as a benefit to Tesla, fueling a steep rise in company shares after the election last year. That association has now turned into a liability. Tesla shares are down 40 percent from their peak in December.
3don MSN
Tesla has scheduled an annual shareholder meeting for November, one day after it came under pressure from major shareholders to do so.
Though Trump and Musk are on the outs, workers with longstanding ties to the Tesla billionaire remain embedded in the government.
The company has devoted resources to autonomous driving rather than developing new models to attract car buyers.