Elon Musk lashes out at Tesla bull Dan Ives over board proposals: 'Shut up'

Core Insights - Tesla CEO Elon Musk responded critically to Wedbush Securities analyst Dan Ives after Ives made recommendations regarding Musk's political activities and Tesla's governance [2][4] Group 1: Analyst Recommendations - Dan Ives, a prominent Tesla analyst, suggested that Tesla's board should create a new pay package for Musk that would grant him 25% voting control, facilitate a merger with xAI, and establish guidelines for Musk's time commitment to Tesla [3] - Ives emphasized the need for the board to take action following a nearly 7% decline in Tesla's stock, which resulted in a loss of $68 billion in market capitalization [3] Group 2: Market Reaction - Following Ives' critical remarks, Tesla's stock experienced a significant drop, highlighting investor concerns regarding Musk's political activities and their potential impact on the company [3] - Despite the stock decline, Wedbush maintained its price target of $500 for Tesla, indicating continued bullish sentiment from the firm [4] Group 3: Governance Issues - Musk's previous CEO pay package, valued at approximately $56 billion, was voided by a Delaware court due to concerns over the independence of Tesla's board members and their negotiation practices with Musk [4]