Elon Musk told Tesla’s biggest cheerleader on Wall Street, Wedbush analyst Dan Ives, to ‘hold a chain’ and the reason why it’s completely ridiculous.
Dan Ies is one of the biggest pushers of Tesla’s stock on Wall Street. The Wedbush analyst can often be seen on CNBC, which praises Tesla and its CEO, Elon Musk.
He has one of the highest price targets at Tesla on Wall Street with $ 500 price per day. Stock.
After Tesla’s deliveries came far below his expectations and down 13% year-over-year in the first quarter, he repeated his price target, which would appreciate Tesla for over $ 1.5 trillion.
That is, even though Tesla’s net earnings have steadily declined over the past 2 years, and it is about to start losing money within the next year.
Ives’ belief in the Tesla stock is based solely on Musk and his promises of self-driving vehicles and robots. Just last month he said “Musk is the best asset in Tesla. We see him as CEO until 2030.”
You would think Musk liked this guy, but no.
IVES went to X today to suggest that Tesla’s board of directors should give Musk a new salary package that gives him 25% control over the company.
If it were to be given through several stock options, it would practically double his share in Tesla and represent a payday of $ 200 billion for Musk. On the other hand, IVES only suggests that Musk, who runs several other companies and projects, should commit to spending some time at Tesla and that the board has oversight of its commitment to politics.
In response to the analyst, who is one of Musk’s biggest fans and suggests that Tesla gives him $ 200 billion, Musk asked him to “hold a chain”:
Musk is seen as having full control over Tesla’s board of directors, which led to the cancellation of his CEO compensation package in 2018. One of the points the judge brought up was that Tesla never once negotiated with Musk to commit his time at Tesla as part of the compensation package despite knowing that the CEO already had roles in several other companies.
Now Musk is also launching its own political party beyond its roles on SpaceX, X, Xai, The Boring Company and Neuralink.
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Even Dan, which is a complete musk -sycophant, is not a big enough sycophant for musk.
How do you tell a guy who suggests Tesla gives you $ 200 billion to “hold chain” just because he added some very mild relationships? What does his think here? How dare he dare to ask the board to do his job and oversee me? Doesn’t he know I own the board?
What is noteworthy is that you know that Musk could easily circumvent the conditions imposed by the board of directors and the mere fact that these conditions would have been in the contract could have helped to avoid being abolished in the first place.
Musk’s behavior makes no sense. Frankly, he seems to be getting more and more interrupted from reality.
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