Analyst estimates impact of Elon Musk's DOGE antics
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Ives said Tesla CEO Elon Musk's DOGE antics were partly to blame for the expected sales woes.
From Insider
Close to 150 protestors gathered outside a Tesla dealership at 1200 Skokie Blvd., Northbrook, on Saturday targeting Tesla CEO Elon Musk and his involvement with President Donald Trump’s administration...
From Chicago Tribune
Musk’s alliance with the far right has torched Tesla’s brand in the eyes of what used to be the carmaker’s base: upwardly mobile eco-conscious lefties from the coasts.
From CNN
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Long-time investors are urging Musk to refocus his attention on the automaker and away from politics. Some have called for the CEO to either resign from DOGE or find another person to run Tesla. Even Tesla bulls like Dan Ives, an analyst with Wedbush Securities, have conceded that Musk’s political efforts are undeniably harming his EV company.
Tesla's quarterly sales plunged 13% to the weakest in nearly three years, hurt by a backlash against CEO Elon Musk's politics, rising global competition and people waiting for a refresh to its highest-selling electric vehicle Model Y.
Elon Musk's political ties and Tesla's market challenges have led to declining sales and brand damage. Protests and increased competition compound the company's difficulties, affecting delivery projections and stock value.
Tesla is well-positioned amid tariff wars with the new Model Y and FSD. Learn why TSLA stock is upgraded from buy to strong buy.
Tesla CEO Elon Musk said on Wednesday that the impact of U.S. President Donald Trump's auto tariffs on Tesla is "significant."
Tesla CEO Elon Musk has become an increasingly public — and highly divisive — figure in the Trump administration, putting some Tesla drivers who disagree with his politics in a tough spot.