The stock drop comes amid Musk's announcement of a new political party, which William Blair and other analysts say risks diverting attention during a crucial autonomous and roboti

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.