Tesla stock drops after Elon Musk announces new political party

Great to be on @CNBCTheExchange with @KellyCNBC discussing our proposals for the Tesla Board to navigate the Musk soap opera and the path ahead for the Tesla story 📺🎯👇 @CNBC @CNBCtech www.cnbc.com/video/2025/07/08/elon-musk-cant-continue-to-go-down-this-political-path-says-wedbushs-dan-ives.html pic.x.com/65Xpy1RTwU

Daniel Ives penned a bluntly worded note on Tuesday calling on the board to “act now” and establish formal boundaries around Musk’s political activities, warning that his increasing entanglement in Washington could threaten the company’s future. @nypost nypost.com/2025/07/08/business/teslas-board-urged-to-rein-in-ceo-elon-musk/

Talked w/ @DivesTech about his Tesla/xAI merger idea. He notes that Tesla would likely need to raise $15-$20 billion to insulate Tesla's balance sheet from xAI's massive cash burn. www.axios.com/2025/07/08/tesla-xai-merger-ives

No Plan B - Tesla's Musk Premium Is On Thin Ice. www.benzinga.com/markets/tech/25/07/46273662/no-plan-b-teslas-musk-premium-is-on-thin-ice