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

Dan Ives, an analyst with Wedbush Securities, wrote that Musk's continued push into politics was "exactly the opposite direction" investors wanted to see.

Tesla’s troubles go far beyond CEO Elon Musk’s recent dust-up with President Donald Trump, who accused the former “first buddy” of going “completely ‘off the rails’” in a social media slap fight over the weekend.

Elon Musk, CEO of Tesla, has personally responded to the growing controversy surrounding his role as the company's chief executive. Business Insider reported the development on Tuesday. Dan Ives, an analyst at Wedbush Securities,

Elon Musk's empire isn't exactly crumbling, but it looks increasingly vulnerable as his falling out with President Trump intensifies. Why it matters: The world's richest person enjoyed ballooning wealth in the early days of his alliance with the president,