Elon Musk is lashing out at Wedbush Securities analyst Dan Ives, telling the technology analyst to "Shut up."

Tesla shares slid Monday after Musk said he was creating a new political party called the America Party.

Wall Street analysts and investors cited growing fatigue with Musk’s increasingly controversial political activities as a key factor behind the sell-off.

"What the independent space has been lacking has been resources," Jolly said.