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One of Tesla’s top Wall Street supporters says Elon Musk faces a ‘moment of truth’

An analyst who is one of the biggest boosters of Tesla on Wall Street says Elon Musk is facing a “moment of truth” at his EV company because of a “crisis” he’s created by spending so much in the Trump administration. The analyst, Wedbush’s Dan Ives, pleaded with Musk in a note published Thursday to […] © 2024 TechCrunch. All rights reserved. For personal use only.



A top Wall Street analyst for Tesla, Dan Ives, believes Elon Musk faces a "moment of truth" due to a "crisis" caused by Musk's involvement with the "Department of Government Efficiency (DOGE)" and its impact on Tesla's brand. Ives urges Musk to reduce his time with DOGE and provide clarity on Tesla's future plans, including affordable models and robotaxi service, to mitigate potential brand damage. Another investor, Ross Gerber, is calling for Musk to step down.

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