'Shut up, Dan' - Elon Musk snaps at Tesla bull Dan Ives after he demands board take action against the CEO
Briefly

Dan Ives of Wedbush Securities urged Tesla's board to focus CEO Elon Musk on business rather than political activism. Musk's immediate response was dismissive, rejecting calls for board oversight. Ives believes Tesla, currently valued at $293 a share, is the most undervalued AI play and should trade at $620, attributing this potential growth largely to Musk's leadership. As Musk engages in political pursuits, concerns grow regarding his prioritization of business. Tesla has yet to schedule a shareholder meeting, adding to investor uncertainties.
When Dan Ives urged Tesla's board to limit Elon Musk's political activism, Musk responded immediately and dismissively, asserting his commitment to his ventures.
Dan Ives believes Tesla is undervalued and should be worth $620 per share, emphasizing the transformative power of Elon Musk as its CEO.
Musk's dismissal of concerns over his activism occurred against a backdrop of Tesla's stock price decline and the absence of an upcoming shareholder meeting.
Tensions rise as Musk's political ambitions intersect with shareholder interests, given Tesla's lack of engagement with investors this year.
Read at Fortune
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