TECH NEWS – Elon Musk, the owner of Tesla, SpaceX, and Twitter, is not letting any financial analyst firm employee go without saying something.

He asked Wedbush analyst Dan Ives to stop talking after Ives suggested that Tesla’s board of directors tie Musk’s compensation package to his time at the company. Musk’s political activities have sparked concern among analysts, who worry that his attention will be divided between Tesla and his other companies. Tesla shares have lost 20% over the past year as the company has struggled with lower-than-expected shipments and the ongoing feud between Musk and Trump. Although shares briefly rebounded after Musk announced he was stepping down from his government job earlier this year (and after Tesla’s robotaxi announcements), they soon headed down again amid renewed hostility between Musk and Trump and rumors of problems with the robotaxi.

Dan Ives of Wedbush Securities, one of Tesla’s biggest backers on Wall Street, has consistently criticized Musk throughout the year. In April, Ives said that he is optimistic about Tesla’s business, but this is a critical moment for Musk. The brand is weakening as a political symbol, and the situation is untenable. He accompanied this statement with a price target of $315, which is a 47% drop from the previous target price of $550. Recently, while commenting on Tesla’s affairs on Twitter, Ives noted that Tesla should offer Musk a new pay package giving the executive 25% control to streamline the merger of Tesla and xAI.

Ives believes that Musk’s pay package should include limits on how much time he spends at Tesla. The analyst also suggested that Musk’s political ambitions should be overseen, as he may spend more time in politics after announcing his political party in the US. Needless to say, Musk did not take kindly to the latter two proposals. In response to the analyst’s suggestions, Musk simply said, “Shut up, Dan.” Ives did not respond to Musk’s comment.

Tesla’s second-quarter shipments signaled another annual decline and disappointed the company’s biggest detractors. Analysts speculated that the slowdown in sales was due to a confluence of Musk’s political activities and manufacturing problems. However, Musk maintained that Tesla is struggling to make the transition and stressed that the company’s future depends on humanoid robots.

Source: WCCFTech