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How Tesla's Board Should Rein In Elon Musk, According To Prominent Analyst

1. Wedbush analyst Ives urges Tesla board to regulate Musk's actions. 2. Plan suggests doubling Musk's voting rights to 25% while setting time limits. 3. Proposal includes creating a committee to oversee Musk's political ambitions. 4. Tesla shares rose 1% premarket but are down 10% due to Musk's actions. 5. Musk's political party launch caused a $12 billion drop in his net worth.

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FAQ

Why Bearish?

Investors are uneasy about Musk's distractions, impacting stock performance negatively historically.

How important is it?

Musk's influence on stock perception is significant; board's regulatory actions could stabilize concerns.

Why Short Term?

Market reaction to Musk's political involvement could affect TSLA's immediate performance.

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