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Analysts Worry: Musk's Political Move Could Hurt Tesla

Wedbush's senior analyst Dan Ives commented that Musk has always been Tesla's greatest asset. However, his deepening involvement in politics could create new distractions that weigh on the company's stock performance.

Trump Fires Back: Criticizes Musk and Flags Conflict of Interest

President Trump responded by mocking Musk's party ambitions, calling them ridiculous. He also raised concerns about a potential conflict of interest, pointing to Musk's ally—once appointed to lead NASA—whose ties to the space industry could now be seen as problematic.