Wall Street goes off on Tesla board, calls to rein in Musk
The post Wall Street goes off on Tesla board, calls to rein in Musk appeared on BitcoinEthereumNews.com. 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. The call comes just days after Musk revealed plans to launch a new political movement dubbed the “America Party,” a move seen as diverting his attention from Tesla’s critical business roadmap. The renewed political focus rattled investors, sending TSLA shares down nearly 7% to $293.94 at close of the Monday trading session. TSLA one-day stock price chart. Source: Finbold Now, Ives of Wedbush Securities has called the current moment a “tipping point” for the electric vehicle giant. “We believe this is a tipping point in the Tesla story and ultimately the Tesla Board needs to act now and set the ground rules for Musk going forward around his political ambitions and actions,” Ives said. In a Tuesday note, Ives urged Tesla’s board to adopt a three-point plan to protect the company as it pivots to autonomous tech and robotics. Ives’ three-agenda proposal to Tesla board He called for finalizing Musk’s pay package to secure 25% voting control, potentially enabling a merger with xAI, setting clear time commitments for Musk at Tesla, and establishing oversight of his political involvement to avoid distractions. Tesla is entering a key autonomous and robotics future ahead and the Board needs to act with Musk and create the framework for Tesla to thrive. It starts now
The post Wall Street goes off on Tesla board, calls to rein in Musk appeared on BitcoinEthereumNews.com.
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. The call comes just days after Musk revealed plans to launch a new political movement dubbed the “America Party,” a move seen as diverting his attention from Tesla’s critical business roadmap. The renewed political focus rattled investors, sending TSLA shares down nearly 7% to $293.94 at close of the Monday trading session. TSLA one-day stock price chart. Source: Finbold Now, Ives of Wedbush Securities has called the current moment a “tipping point” for the electric vehicle giant. “We believe this is a tipping point in the Tesla story and ultimately the Tesla Board needs to act now and set the ground rules for Musk going forward around his political ambitions and actions,” Ives said. In a Tuesday note, Ives urged Tesla’s board to adopt a three-point plan to protect the company as it pivots to autonomous tech and robotics. Ives’ three-agenda proposal to Tesla board He called for finalizing Musk’s pay package to secure 25% voting control, potentially enabling a merger with xAI, setting clear time commitments for Musk at Tesla, and establishing oversight of his political involvement to avoid distractions. Tesla is entering a key autonomous and robotics future ahead and the Board needs to act with Musk and create the framework for Tesla to thrive. It starts now
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