Elon Musk rejects calls for Tesla board to limit his political activities

The CEO of Tesla Elusk fell to an analyst’s proposal that the company’s board of directors needs to take steps to maintain its focus on Tesla instead of the new political party that it makes.

Musk announced its intention to create an American party during the weekend, which sent Tesla shares. This prompted the administrative director of Wedbush Securities and Supreme Stock Research Analyst Dan Eve to write an investor note saying that this step is a “turning point” and the council should lead to work to ensure that political activity does not contradict its duties as an executive president.

IVES summarized the note in a post on X, expressed by the opinion of Wedbush that the Tesla board must update the Musk Payment package to give it 25 % of controlling the vote and clarifying a path for the integration process with Xai; Creating handrails for the amount of time the musk spends in Tesla as part of the payment package; Control of his political endeavors.

“Shut up, Dan,” Musk answered X, which was published on Wednesday morning.

The analyst says that the Tesla Council needs “basic rules” for the political activity of Musk.

Tesla fell more than 1.1 % on Wednesday after this position and more than 5.6 % decreased in the past five days – after it decreased from 312.70 dollars at the end of trading last week to the lowest weekly level of $ 291.35 early Monday morning before cutting some of these losses.

Tesla’s share has decreased to more than 22 % so far due to the slow sales of EV as well as the political reaction to Musk’s support for President Donald Trump.

The role of Musk in the Trump administration ended in late May, when his temporary position as a private government employee ended.

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His actions as a leader of the Ministry of Governmental efficiency (DOGE) motivated the protests in Tesla agents and consumer provinces among those who were angry with DOGE discounts to the federal workforce.

After his departure from the administration, Musk was a voice critic of the so-called law of the beautiful draft law called one-a package of signature tax and its backed by Trump and Republican in congress-because of its impact on the federal budget deficit, and pledged to finance the basic challenges against the main supporters of the bill.

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Tesla El Musk CEO is planning to establish the America Party to undermine Republicans and Democrats. (Kevin Lietsch / Getty Images / Getty Images)

This led to a general conflict between Musk and Trump, although the two have been afraid of their speech and sought to overcome the dispute before the CEO of billionaire Tesla announced the establishment of his political party.

In IVES’s full investor, he warned that MUSK’s hostility to Trump and the Republican Party’s claim is “the opposite of what Tesla shareholders want to see with an independent organizational framework very important now on the horizon during the Trump administration.”

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