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 CEO Elon Musk to confirm the presence of a low-cost Model 2 on the company’s product roadmap. According to Ives, first-quarter results will likely be overshadowed by any updates to Tesla’s long-term vision. Wedbush gives Tesla an “Outperform” rating with a $300 price target.
Despite these challenges, Ives remains optimistic about Tesla’s long-term potential but stresses the importance of confirming key details to restore investor confidence. The current market uncertainties emphasize the significance of the upcoming earnings report for Tesla’s future.