From Financial Modeling Prep: 2025-04-22 03:13:00

Wedbush analyst Dan Ives warns Tesla is in a “code red situation” due to Elon Musk’s political ties and Dogecoin promotion. Consumer backlash and demand destruction are on the rise, with protests and social media campaigns emerging. Q1 deliveries were weaker than expected, with Street forecasts for 2025 deliveries falling. Ives urges Musk to refocus on core operations ahead of the critical earnings report.

Musk’s alignment with Trump and DOGE support have made Tesla a global political symbol, leading to brand damage and potential permanent demand destruction. Wedbush projects EPS to converge around $2 for 2025, with downside risks.

To recover, Ives recommends Musk step back from politics and DOGE promotion, focusing on Tesla’s core business. Investors await clarity on Full Self-Driving timelines, lower-cost vehicle rollout, and AI and robotics roadmap during the upcoming earnings call. Stay updated on analyst targets and sentiment with the Price Target Summary API from Financial Modeling Prep.



Read more at Financial Modeling Prep:: Tesla at “Code Red” as Brand Damage Mounts, Wedbush Says