Elon Musk instructed Tesla’s largest cheerleader on Wall Road, Wedbush analyst Dan Ives, to ‘shut up’ and the explanation why is completely ridiculous.
Dan Ives is likely one of the largest pushers of Tesla’s inventory on Wall Road. The Wedbush analyst can typically bee seen on CNBC praising Tesla and its CEO, Elon Musk.
He has one of many highest worth targets on Tesla on Wall Road with $500 worth per share.
After Tesla’s deliveries got here approach underneath his expectations and down 13% year-over-year within the first quarter, he reiterated his worth goal, which might worth Tesla at over $1.5 trillion.
That’s though Tesla’s internet earnings have steadily declined during the last 2 years, and it’s on observe to begin shedding cash inside the subsequent 12 months.
Ives’ religion in Tesla inventory is solely primarily based on Musk and his guarantees of self-driving automobiles and robots. Simply final month, he stated that “Musk is the most effective asset of Tesla. We see him as CEO till 2030.”
You’ll suppose that Musk would love this man, however no.
Ives took to X in the present day to counsel that Tesla’s board ought to give Musk a brand new pay bundle giving him 25% management over the corporate.
If that have been to be given by way of extra inventory choices, it could nearly double his stake in Tesla and symbolize a $200 billion payday for Musk. In change, Ives is just suggesting that Musk, who runs a number of different firms and tasks, ought to decide to spending a sure period of time at Tesla and that the board has oversight on his involvement in politics.
In response to the analyst, who’s one among Musk’s largest followers and is suggesting Tesla provides him $200 billion, Musk instructed him to “shut up”:
Musk is seen as having full management over Tesla’s board, which led to the rescinding of his 2018 CEO compensation bundle. One of many factors that the choose introduced up was that Tesla by no means even negotiated with Musk about committing his time at Tesla as a part of the compensation bundle regardless of figuring out the CEO already had roles at a number of different firms.
Now, Musk can also be launching his personal political celebration, along with his roles at SpaceX, X, xAI, The Boring Firm, and Neuralink.
Electrek’s Take
Even Dan, who’s an entire Musk sycophant, shouldn’t be a large enough sycophant for Musk.
How do you inform a man suggesting Tesla provide you with $200 billion to “shut up” simply because he added some very delicate situations? What’s his considering right here? How dare he ask the board to do its job and supervise me? Doesn’t he know that I personal the board?
The outstanding factor is that you realize Musk might simply circumvent any situations imposed by the board, and the mere undeniable fact that these situations would have been within the contract might have helped it keep away from being rescinded within the first place.
Musk’s habits is mindless. Actually, he seems to be more and more disconnected from actuality.
