Analyst warns Elon Musk's involvement with DOGE could damage Tesla; potential value but facing challenges.

From Yahoo Finance: 2025-04-15 12:29:00

Analyst Dan Ives warns that Elon Musk leading DOGE could cause “permanent brand destruction” for Tesla, but he believes Tesla’s value could eventually reach $2 trillion. Tesla faces brand issues that only Musk can solve, but the company also has promising advancements in autonomous robotics and full-self driving technology.

Analysts predict Tesla’s earnings per share to rise to $2.55 this year and $3.42 by 2026. Despite a 14% increase in shares in the last month, they are down 35% in the last three months and up 63% in the last year. While Tesla has potential, some believe AI stocks offer greater returns in a shorter timeframe.

Read more: Brand Issues Could Permanently Damage TSLA, Prominent Analyst Says