America Party is 'exactly the opposite' of what Elon Musk's shareholders want and could force Tesla's board to intervene, warns Dan Ives
Briefly

Tesla shares are expected to drop significantly as anxieties grow over Elon Musk's deeper involvement in politics. Analyst Dan Ives highlights investor fatigue regarding Musk's political distractions, which deviate from shareholder interests. Musk's recent pledge to influence political outcomes and create a third party marks a troubling return to political engagement for investors who hoped he would remain focused on Tesla's operational commitments. The stock has experienced severe fluctuations, influenced by Musk's political actions and responses from the government, leading to fears he may now be seen negatively by the current administration.
"Very simply Musk diving deeper into politics and now trying to take on the Beltway establishment is exactly the opposite direction that Tesla investors/shareholders want him to take during this crucial period for the Tesla story."
"There is a broader sense of exhaustion from many Tesla investors that Musk keeps heading down the political track."
Read at Fortune
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