Investors seem to be growing worried that Elon Musk, for all his business acumen, is getting distracted, with his fingers in too many pies.

Elon Musk thinks Tesla's humanoid robotics business could be worth trillions. Earnings season is in full swing, and, as usual, investors are paying close attention to anything and everything that even remotely touches artificial intelligence (AI).

Brian Mulberry, client portfolio manager at Zacks Investment Management, said that with Tesla CEO Elon Musk now "live-tweeting his current responsibilities inside the government," it's hard to avoid that "key man risk" that comes with Musk being so closely tied to the EV maker's brand.

The EV maker's investors have to weigh what the CEO’s bid to gain control of the ChatGPT creator means for his time and their shares.