Tesla investors are growing more worried about Elon Musk juggling his many companies, Wedbush's Dan Ives says
Tesla shares were hit largely from the EV maker reporting lower first-quarter profits this week, thanks to recent price cuts on key car models. But the success of Musk's companies are all"tied together," Ives said, and investors are growing concerned over Musk's ability to lead all three.
"Tesla, they're going through a price war, and at the same time Musk has continued to spend so much time on Twitter. I think from the investor perspective, they're just concerned with balancing all that at just such a pivotal time for all these companies," he added."If SpaceX continues to have more successes or failures, that ultimately takes up more Musk time, which is a negative for Tesla.
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