
Musk Steps Back from DOGE: A Turning Point for Tesla?
Dan Ives sees Musk's move away from DOGE as a turning point for Tesla after a challenging quarter. Brand damage control is needed, but focus shifts to autonomous driving and robotics now.
Dan Ives sees Musk's move away from DOGE as a turning point for Tesla after a challenging quarter. Brand damage control is needed, but focus shifts to autonomous driving and robotics now.
Tesla's Q1 2025 report is crucial amid delayed cheap EV and robotaxi projects, political concerns surrounding Elon Musk, dropping shipments, and growing competition. Short sellers are profiting from TSLA's 40% YTD plunge.
In a recent letter to the U.S. Trade Representative (USTR), Tesla said that even with “aggressive” localization of the supply chain, some parts are “difficult or impossible” to source domestically.
Tesla’s charging division has been working on the rebound for months after CEO Elon Musk decided to abruptly lay off thousands of workers to streamline operations.
Musk recently promoted the potential value Tesla’s Optimus robots may have on the stock, describing a hypothetical that could see the product add $20 trillion to the company’s market capitalization.
“In a nutshell, the worst is in the rear view mirror for Tesla as we believe the EV demand story is starting to return to the disruptive tech stalwart ahead of a historical Robotaxi Day on August 8th,” Wedbush Securities analyst Dan Ives said in a Tuesday note.