{"id":1531520,"date":"2025-04-21T13:40:00","date_gmt":"2025-04-21T17:40:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1531520"},"modified":"2025-04-21T13:40:00","modified_gmt":"2025-04-21T17:40:00","slug":"wedbushs-dan-ives-warns-about-code-red-situation-unfolding-at-tesla","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/wedbushs-dan-ives-warns-about-code-red-situation-unfolding-at-tesla\/1531520\/","title":{"rendered":"Wedbush’s Dan Ives Warns About “Code Red” Situation Unfolding At Tesla"},"content":{"rendered":"

Wedbush’s Dan Ives Warns About “Code Red” Situation Unfolding At Tesla <\/span><\/p>\n

\n

Just weeks after Wedbush Securities analyst Dan Ives slashed his Tesla price target by 43%, citing a brand crisis fueled by CEO Elon Musk’s involvement with DOGE, he’s back with another warning about a “code red<\/strong>” moment for the\u00a0most American-made car brand\u2014one day before its\u00a0first-quarter earnings on Tuesday.\u00a0<\/p>\n

“Musk needs to leave the government, take a major step back on DOGE, and get back to being CEO of Tesla full-time<\/strong>,”\u00a0Ives penned in a note to clients on Sunday.\u00a0<\/p>\n

He said,\u00a0“Tesla is Musk and Musk is Tesla….and anyone that thinks the brand damage Musk has inflicted is not a real thing, spend some time speaking to car buyers in the US, Europe, and Asia. You will think differently after those discussions<\/strong>.”<\/p>\n

Two weeks ago, Ives,\u00a0whose analyst rating on the stock remains “Buy” rated, slashed his price target<\/a> to\u00a0$315, down from $550. He explained,\u00a0“Tesla has essentially become a political symbol globally, adding,\u00a0“It is time for Musk to step up, read the room, and be a leader in this time of uncertainty<\/strong>.”<\/p>\n

According to the analyst, Tesla faces “potentially 15%-20% permanent demand destruction for future Tesla buyers due to the brand damage Musk has created with DOGE. “<\/strong> Yet we must point out that the Tesla protests were small-scale and funded by corrupt NGOs<\/a> connected with rogue billionaires and the Democratic Party.\u00a0<\/p>\n

The good news for Ives is that Musk is a special government employee with DOGE, a temporary federal employee who can only work 130 days a year. There are ways around extending SGE time, but a recent report from Bloomberg, citing\u00a0people familiar with the matter, said Musk is expected to step back from his hole once the 130 days lapse.\u00a0<\/p>\n

Ives remained bullish on Tesla, calling the brand one of the “most disruptive technology companies on the globe over the coming years<\/strong>.” Yet he said Tesla needs its “most important asset”: Musk.\u00a0<\/p>\n

On Tuesday, Tesla will announce its earnings for the first quarter. From a delivery perspective, we already have a good idea about weak sales\u2014that’s because it releases\u00a0delivery numbers for the quarter several weeks before it releases its full results.\u00a0<\/p>\n

At the start of April, Tesla\u00a0reported<\/a> 330,000 vehicle deliveries in the first quarter, missing\u00a0Goldman, JPM, Morgan Stanley, and UBS’ estimates of between\u00a0351,000 and 375,000.\u00a0<\/p>\n

<\/a><\/p>\n

Tesla shares have been halved since\u00a0their record high on Dec. 17.<\/p>\n

<\/a><\/p>\n

As of the latest Wall Street consensus (data via Bloomberg), 54.1% of analysts covering Tesla maintain a “Buy” rating, 24.6% rate the stock as “Hold,” and 21.3% assign a “Sell” rating.<\/p>\n

<\/a><\/p>\n

Ives concluded,\u00a0“We view this as a fork in the road time: if Musk leaves the White House there will be permanent brand damage, but Tesla will have its most important asset and strategic thinker back as full time CEO<\/strong>,” adding, “If Musk chooses to stay with the Trump White House, it could change the future of Tesla\/brand damage will grow.<\/strong>”\u00a0<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nMon, 04\/21\/2025 – 09:40<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/technology\/wedbushs-dan-ives-warns-about-code-red-situation-unfolding-tesla<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Wedbush’s Dan Ives Warns About “Code Red” Situation Unfolding At Tesla Just weeks after Wedbush Securities analyst Dan Ives slashed his Tesla price target by…<\/p>\n","protected":false},"author":0,"featured_media":1531521,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1531520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1531520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1531520"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1531520\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1531521"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1531520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1531520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1531520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}