Musk faces Wall Street frustration over Tesla leadership
Tesla CEO Elon Musk is facing growing frustration from Wall Street, including from prominent analyst Dan Ives. Ives criticized Musk for focusing on government initiatives instead of Tesla, noting a lack of presence at Tesla facilities. Tesla's stock has dropped significantly, falling over 15% recently and down nearly 35% this year. Analysts are concerned about upcoming Q1 sales numbers, with predictions of a substantial decline in valuation. Despite the challenges, Musk remains committed to his government role. Ives emphasized the need for Musk to balance his responsibilities and focus on Tesla's performance to regain investor confidence.