Wedbush analyst Dan Ives wrote that the EV maker’s directors need to set ground rules for the CEO regarding his political activities.

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

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,