America Party is ‘exactly the opposite’ of what Elon Musk’s shareholders want and could force Tesla’s board to intervene, warns Dan Ives

• Shares in Tesla are set to drop sharply in Monday trading amid fears the White House could view Tesla’s CEO less as a friend and more as a foe, warned Wedbush tech analyst Dan Ives. On July 4, Musk said a third party could exert pressure on both the Republicans and Democrats by influencing the outcome in a dozen hotly-contested races. “There is a broader sense of exhaustion from many Tesla investors that Musk keeps heading down the political track,” Ives told clients.

Elon...