- Shares in Tesla are set to drop sharply in Monday trading amid fears the White House could view Tesla’s CEO less as a friend and more as a foe, warned Wedbush tech analyst Dan Ives. On July 4, Musk said a third party could exert pressure on both the Republicans and Democrats by influencing the outcome in a dozen hotly contested races. “There is a broader sense of exhaustion from many Tesla investors that Musk keeps heading down the political track,” Ives told clients.
Elon Musk’s pledge to work round the clock for shareholders—even sleeping on factory floors and in server rooms—lasted just six weeks before the siren call of politics lured him away from his corporate empire.
