Elon Musk's SEC problem is dragging down Tesla's stock

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Elon Musk's SEC problem is dragging down Tesla's stock
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Tesla CEO Elon Musk's dispute with federal regulators is making investors nervous.

Tesla CEO Elon Musk's habit for sparring with federal securities regulators is making Wall Street nervous.

"I think it's an overhang on the stock," Oppenheimer analyst Colin Rusch said on CNBC's "Squawk Box" on Tuesday."There's really no benefit from this sort of activity." The electric car maker's stock had long seemed to defy gravity, with many analysts and investors characterizing it as a"cult stock" that soared despite concerns over the company's performance.

But worries have also swirled around Musk's behavior, including his sometimes controversial comments on social media and in interviews.

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