The predictable unwinding of Elon Musk ’s romance with Donald Trump is obviously bad news for Tesla. Not only has Trump recently scrapped electrical vehicle subsidies, but Musk is now making a show of flirting with his own political party, trying to make Trump jealous. So much for focussing on Tesla!

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.