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.
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.
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