Elon Musk just told a Wall Street analyst to shut up after the expert suggested Tesla should control how much time Musk spends working. Dan Ives from Wedbush Securities wants Tesla's board to tie Musk's pay package to actual hours spent at the company. The analyst also thinks Tesla should watch over Musk's political activities more closely. Ives has been one of Tesla's biggest supporters on Wall Street for years. He worries that Musk's attention keeps getting pulled away from running the car company.
Tesla stock has crashed 20 percent this year as sales numbers keep disappointing investors. Musk's fights with President Trump have made things worse for the electric car maker. The CEO announced plans to start his very own political party which scared more investors away. Ives thinks Tesla faces a make-or-break moment right here. He cut his stock price target from 550 dollars down to just 315 dollars.
Musk fired back at the analyst with a simple two-word response on social media. The billionaire told Ives to shut up after reading his suggestions about board oversight. Ives did not respond to Musk's angry comment on the internet. Tesla delivered fewer cars during the second quarter but the numbers were not as terrible as some experts expected. Musk blames the problems on factory retooling and says humanoid robots will save the company.
Tesla stock has crashed 20 percent this year as sales numbers keep disappointing investors. Musk's fights with President Trump have made things worse for the electric car maker. The CEO announced plans to start his very own political party which scared more investors away. Ives thinks Tesla faces a make-or-break moment right here. He cut his stock price target from 550 dollars down to just 315 dollars.
Musk fired back at the analyst with a simple two-word response on social media. The billionaire told Ives to shut up after reading his suggestions about board oversight. Ives did not respond to Musk's angry comment on the internet. Tesla delivered fewer cars during the second quarter but the numbers were not as terrible as some experts expected. Musk blames the problems on factory retooling and says humanoid robots will save the company.
