Tesla is facing challenges similar to those encountered in 2015, 2018, and 2020, according to Wedbush analyst Dan Ives. This may result in a loss of long-term shareholders. Ives notes that many long-time Tesla proponents are becoming skeptical of the company’s future outlook.
The upcoming earnings report is critical for Tesla, according to Ives. He warns that the first-quarter results will likely be overshadowed by any updates to Tesla’s long-term vision. It is essential for Tesla CEO Elon Musk to confirm the presence of a low-cost Model 2 on the company’s product roadmap.
Despite these challenges, Ives remains optimistic about Tesla’s long-term potential. He emphasizes the significance of the upcoming earnings report for Tesla amid current market uncertainties. Ives draws parallels between the company’s current situation and past periods of uncertainty, suggesting that this is a critical moment for Tesla’s future.
Wedbush gives Tesla an “Outperform” rating with a $300 price target. The company’s product roadmap is crucial for restoring investor confidence and confirming key details about its future outlook.
