Dan Ives, an analyst with Wedbush Securities, wrote that Musk's continued push into politics was "exactly the opposite direction" investors wanted to see.

Tesla’s troubles go far beyond CEO Elon Musk’s recent dust-up with President Donald Trump, who accused the former “first buddy” of going “completely ‘off the rails’” in a social media slap fight over the weekend.

Wedbush’s Dan Ives believes Tesla’s story is at its “tipping point,” urging the company’s board to take decisive action over Elon Musk’s growing political ambitions. Ives warned that Musk’s decision to officially launch a new political party,

Dan Ives, an analyst with Wedbush, wrote that Musk's continued push into politics is "exactly the opposite direction" investors want to see.