"I welcomed this as a first step to his being allowed to return to his family in Roscommon."
He said the clash had sparked fear among investors about what it might mean for regulation of the company, which is seeking to expand self-driving and robotics and had hoped for a more relaxed regulatory approach under the Trump administration."This must start to be calmed down," Mr Ives wrote in a note, adding that it "put a fly in the ointment of the Trump regulatory framework going forward".
Musk's foray into government has already proven a wild ride for Tesla investors.Shares had surged last year, on hopes his alliance with Trump would benefit the company.But investor sentiment soured this year, as Musk's alliance with Trump and his role leading controversial cuts to government spending proved a lightning rod,
Investors were also concerned that Musk - who had been fighting for a record-breaking pay package - was not focused on the company.Last month, the head of Tesla's board was forced to publicly deny a report that the company had started to look for someone else to lead the firm.
that he would be stepping back from his role leading Doge had prompted an upswing in the stock. He
at the end of last month.He posted to X last week that the electric vehicle maker had been testing the Model Y with no drivers on board.
"I believe 90% of the future value of Tesla is going to be autonomous and robotics," Wedbush Securities analyst Dan Ives told the BBC this week, adding that the Austin launch would be "a watershed moment"."The first task at hand is ensuring the autonomous vision gets off to a phenomenal start," Ives added.
But with Musk's attention divided, the project's odds of success would appear to have lengthened.And there's something else to factor in too: Musk's own motivation.