Wedbush analyst Dan Ives says Tesla board must rein in Elon Musk
A leading wall street Tesla analyst has issued a warning to Tesla's board of directors, urging immediate action over chief executive Elon Musk.
Wedbush managing director Dan Ives, one of Tesla's most bullish analysts, laid out a three part strategy in a Tuesday morning note that calls for greater oversight of Musk.
Tesla 'needs to act now and set the ground rules for Musk going forward around his political ambitions and actions,' Ives said.
Tesla's share price has dipped of late, thanks to Elon Musk's fight with President Donald Trump.
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President Trump and Elon Musk are no longer allies. Photo: ROBERTO SCHMIDT / AFP
Shares dropped 6 per cent on Monday following Musk's announcement of his intention to create a new political party, wiping more than USD $15 billion from his personal wealth.
The stock slightly rebounded yesterday by 3 per cent, however remains down by more than 10 per cent since Musk started publicly criticising Trump last month.
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Ives, who has been a long-term supporter of Tesla, said Musk's attention has become increasingly fragmented as he pivots his interests towards SpaceX, xAI and politics.
He suggested Tesla introduce a new compensation package that would increase Musk's voting stake to 25 per cent, up from 13 per cent if he agrees to spend a guaranteed amount of time actually working on Tesla, not just side projects like SpaceX, X or political ventures.
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Tesla's Cybercab robotaxi launched in Texas last month. Photo: Robyn Beck / AFP
Ives also suggested tying Musk's pay to his behaviour.
He wants Musk's massive bonus to be conditional, meaning if he spends too much time on politics or things that hurt the Tesla brand, he could lose some of that bonus.
Lastly, Ives suggested a watchdog group for Elon, a special board that would keep an eye on Elon's public behaviour and make sure they don't damage the company's reputation.
The Board should 'create a special Board oversight committee for Musk around his political ambitions and ground rules that would violate his pay package,' Ive said.
Musk responded directly to Ives' comments via a post on X, writing 'Shut up Dan'.
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Tesla is facing its most challenging sales period in years, with global deliveries falling in both first and second quarters of 2025.
A decline that analysts believe is due to Musk's behaviour.
Despite the falling numbers, Musk remains the world's richest individual with an estimated fortune of $398 billion, including a $124 billion stake in Tesla, according to Forbes.
Originally published as Top Tesla analyst urges board to rein in Musk
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NVES works on a two-tier system based on vehicle type so that large vehicles – such as dual-cab utes and large off-road SUVs – don't have the same emission targets as smaller and lighter passenger vehicles. The system requires hatchbacks and sedans, for example, to meet specific emissions standards instead of a blanket target across all vehicle types, which could negate the need for passenger cars to also reduce their emissions. The current Tier 1 standard is 141g/km, with Tier 2 vehicles set at 210g/km. Those emission targets will be lowered annually between now and 2029, when they will stand at just 58g/km for Tier 1 vehicles and 110g/km for Tier 2 vehicles. The Ranger PHEV has an emissions figure of 66g/km, making it the only variant in Ford's current Ranger and Everest lineup to meet the 2029 figure. 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While there are different CO2 limits for light and heavy vehicles, auto brands must also meet fleet-wide CO2 targets, so increasing prices across the Mustang range, for example, could allow Ford to pay NVES fines for other models that exceed CO2 limits while maintaining profit margins. Ford Australia announced the axing of entry-level Everest 4×2 variants in February 2025 as it would have been categorised as a passenger vehicle under NVES legislation, meaning it would have to hit a lower emissions target. Everest 4×2 production ended in May, but some vehicles remain in Ford Australia dealers. The Everest 4×4 is classed as a light commercial or heavy vehicle – like the Ranger – meaning it has a higher CO2 number to meet after automakers and the Federal Chamber of Automotive Industries (FCAI) successfully pushed for more flexible regulations. The 2.0-litre four-cylinder turbo-diesel 'Panther' engine used in the Ranger and Everest was axed from the UK Ranger lineup last month due to ever tightening emissions laws there. When contacted by CarExpert in June 2025, Ford Australia said it had no news on whether the entry-level engine in both popular models would also be dropped in Australia. The engine's CO2 emissions – between 199 and 211g/km depending on the model grade – are above 2026 NVES thresholds, which will be 180g/km for a 'Type 2' vehicle like the Ranger. NVES works on a two-tier system based on vehicle type so that large vehicles – such as dual-cab utes and large off-road SUVs – don't have the same emission targets as smaller and lighter passenger vehicles. The system requires hatchbacks and sedans, for example, to meet specific emissions standards instead of a blanket target across all vehicle types, which could negate the need for passenger cars to also reduce their emissions. The current Tier 1 standard is 141g/km, with Tier 2 vehicles set at 210g/km. Those emission targets will be lowered annually between now and 2029, when they will stand at just 58g/km for Tier 1 vehicles and 110g/km for Tier 2 vehicles. The Ranger PHEV has an emissions figure of 66g/km, making it the only variant in Ford's current Ranger and Everest lineup to meet the 2029 figure. Ranger XL Ranger XLS Ranger XLT Ranger Sport Ranger Wildtrak Ranger Platinum Ranger Stormtrak Ranger Raptor Everest MORE: Explore the Ford Ranger showroom MORE: Explore the Ford Everest showroom MORE: Everything Ford Content originally sourced from: The Ford Ranger– Australia's best-selling vehicle in 2023, 2024 and so far in 2025 – has been given a price rise alongside its Everest large SUV sister model, co-inciding with price hikes of $5000 across the 2025 Mustang lineup. All Rangers – apart from the newly launched Ranger PHEV (plug-in hybrid) – have been given a $250 increase. This gives the entry-level Ford Ranger a starting price of $37,130 before on-road costs, with the flagship Ranger Raptor now priced at $90,690 plus on-roads. The newly released Ranger PHEV remains priced between $71,990 and $86,990 across four model grades. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. The price increases see the all-diesel Everest lineup now start at $54,490 before on-road costs, with four-cylinder versions up by $250 and Everest V6s costing up to $1190 more. The Everest Sport V6 goes from $74,640 to $75,540 plus on-roads, and the Everest Tremor V6 from $76,590 to $77,490 – an increase of $900 – and according to independent price lists the Everest Wildtrak now costs $77,490 plus on-roads (up $540). The flagship Everest Platinum copped the single biggest rise (+$1190), now making it $82,390 before on-road costs (including luxury car tax). The Ranger and Everest led Ford to its best sales month in 16 years in June 2025, with 10,103 sales last month, placing the Blue Oval brand's two top-sellers first and fifth across all makes and models for the month. Together with Mustang sports car, the three models have made up 92 per cent of all Fords sold in Australia in the first six months of 2025. Like the Mustang, the Ranger and Everest don't bring any spec or equipment changes alongside the price hikes. Ford Australia confirmed the price increases for the Mustang were implemented on July 1, 2025, the same day CO2 penalties started accruing as part of the federal government's New Vehicle Efficiency Standard (NVES). Ford said the NVES, which fines automakers that exceed a set CO2 limits across their entire model range, played a role in Mustang's price rise, but didn't make the same suggestion for Ranger and Everest. 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NVES works on a two-tier system based on vehicle type so that large vehicles – such as dual-cab utes and large off-road SUVs – don't have the same emission targets as smaller and lighter passenger vehicles. The system requires hatchbacks and sedans, for example, to meet specific emissions standards instead of a blanket target across all vehicle types, which could negate the need for passenger cars to also reduce their emissions. The current Tier 1 standard is 141g/km, with Tier 2 vehicles set at 210g/km. Those emission targets will be lowered annually between now and 2029, when they will stand at just 58g/km for Tier 1 vehicles and 110g/km for Tier 2 vehicles. The Ranger PHEV has an emissions figure of 66g/km, making it the only variant in Ford's current Ranger and Everest lineup to meet the 2029 figure. Ranger XL Ranger XLS Ranger XLT Ranger Sport Ranger Wildtrak Ranger Platinum Ranger Stormtrak Ranger Raptor Everest MORE: Explore the Ford Ranger showroom MORE: Explore the Ford Everest showroom MORE: Everything Ford Content originally sourced from:
Perth Now
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Fresh warning bell for Aussie economy
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