Tesla CEO Elon Musk is lashing out at Wedbush Securities analyst Dan Ives, telling the technology analyst to "Shut up." On his social media platform X on Tuesday, the billionaire posted "Shut up, Dan,

Tesla CEO Elon Musk didn't appear to like Wedbush analyst Dan Ives' suggestion that the company should rein in Musk's time spent on politics.

Mr. Musk’s involvement in politics and his financial support for the president’s campaign were once seen by investors as a benefit to Tesla, fueling a steep rise in company shares after the election last year. That association has now turned into a liability. Tesla shares are down 40 percent from their peak in December.

Tesla shares fell nearly 8% on Monday after CEO Elon Musk's plans to launch a new U.S. political party reignited concerns about his commitment to the company's future as it struggles with declining sales.

Shares of electric vehicle maker Tesla tumbled 7% as the feud between CEO Elon Musk and Trump reignited over the weekend.

The Eurasian country came within striking distance of becoming Tesla's third largest global market for the month of June, but analysts question the sudden surge: 'Those numbers are weird.'

Musk, who earlier advocated for cryptocurrencies, has confirmed that the political party would embrace Bitcoin as "fiat is hopeless," as he claimed. Notably, Tesla holds 11,509 BTC worth more than $1.25 billion on its balance sheet, making it the eighth-largest public Bitcoin corporate treasury.

Tesla CEO Elon Musk has been a harsh critic of President Donald Trump's spending bill. Trump said Musk had "gone off the rails."