Wall Street Analyst Urges Elon Musk to Focus on Tesla
Wedbush analyst Dan Ives has called on Elon Musk to step down from government roles and reduce his involvement with DOGE (Department of Government Efficiency), emphasizing that Musk should focus full-time on his role as Tesla’s CEO. The comments come just ahead of Tesla’s Q1 earnings report.
Ives stated on social media platform X that Wedbush considers Tesla and Nvidia to be “two of the most disruptive technology companies” globally. He added that while Musk needs to “leave the govt, take a step back on DOGE, and get back to being CEO of Tesla full-time in our view.”
Tesla’s stock price ended at around $241 on April 17, down more than 36% since the start of the year. The company’s Q1 earnings call is considered significant for Musk and Tesla investors.
Other industry observers have also expressed concerns about Musk’s divided attention. Tesla investor Ross Gerber recently called for Musk’s exit from the company, stating that Musk has lost focus due to his widening interests. Gerber emphasized that Tesla needs a new CEO, saying, “The business has been neglected for too long.”
Gerber criticized Musk’s involvement with the Trump administration and his social media activities, claiming they have brought negative publicity to Tesla. He pointed to declining sales as evidence of a “crisis,” stating, “You literally can’t sell the best product in the market place because the CEO is so divisive.”
The situation highlights the challenges faced by Tesla and its leadership as the company navigates through a period of significant change and investor scrutiny.
