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Elon Musk's OpenAI bid, analyst says, is a 'distraction' and his political activity is weighing on Tesla stock

News Snapshot:

One Wall Street analyst believes Tesla CEO Elon Musk’s gambit for OpenAI is a distraction for the company at a very important time. OpenAI CEO Sam Altman shot down an unsolicited offer by a group of investors led by Elon Musk on Monday to purchase the nonprofit that heads up OpenAI for $97.4 billion. In a post on X, the social media platform formerly known as Twitter that Musk purchased for $44 billion back in 2022, Altman wrote in response, "no thank you, but we will buy Twitter for $9.74 billion if you want." Musk responded minutes later, calling Altman…

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