Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Before Tesla Q1 Earnings, Wedbush: Musk's DOGE Role Could Make or Break Tesla

Source Tradingkey

TradingKey - Ahead of Tesla's Q1 2025 earnings report, Dan Ives, a "longtime Tesla bull" and analyst at Wedbush, has issued another warning. He stated that Elon Musk’s political role in the White House’s Department of Government Efficiency (DOGE) is damaging Tesla's brand, and whether Musk stays or leaves the White House could be a turning point for Tesla’s fate.

On Sunday, April 20, Dan Ives released a report stating that Musk needs to leave DOGE and return as Tesla’s full-time CEO. He emphasized, “Tesla is Musk, and Musk is Tesla.”

Two weeks ago, citing public dissatisfaction with Tesla’s political role in the White House and Trump’s tariff policies, Ives slashed Tesla’s stock price target by over 40%. Ives specifically noted that Tesla could get caught in the crossfire of Trump’s strong opposition to tariffs on China — in 2024, revenue from China accounted for more than 20% of Tesla’s total revenue.

This year, Musk has aggressively pushed for cuts in federal government spending through his DOGE initiatives, even meddling in European politics, sparking backlash among citizens in Europe and the U.S. According to the latest data from Statista, Tesla’s sales in several key European markets plummeted by half in Q1, including in Germany, Denmark, and Sweden.

Ives believes Tesla is now at a "fork in the road time": If Musk leaves the White House, the damage to Tesla’s brand image may become permanent. However, the return of Musk, Tesla’s most important asset and strategic thinker, could reignite Tesla’s vision and maintain its long-term growth prospects.

Ives reiterated his bullish stance on Tesla, calling it one of the most disruptive tech companies globally for the coming years. However, he warned that if Musk remains obsessed with his DOGE role, Tesla could see a permanent reduction in buyer demand of 15% to 20%.

Tesla is set to release its Q1 2025 earnings report after the U.S. market closes on April 22. Analysts expect Tesla’s Q1 revenue to increase by 2% year-over-year to 21.82 billion, with earnings per share projected at 0.46.

Tesla’s stock is currently trading at $240.89, down 40% year-to-date, compared to a 10% decline in the S&P 500 index over the same period.

Source

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Dollar holds above 100 near a 3-month high — three Fed speakers and a $69 billion auction land tonight The dollar index closed at 100.43 on Monday, its highest close since late July, after a weekly gain of about 1% — the best in more than three months — and is holding above the 100.00 handle in Asia. Three Fed officials speak tonight alongside a $69 billion two-year note auction, the first leg of $183 billion of Treasury supply this week.

Author Suzie

Sep 22, Tue

The dollar index closed at 100.43 on Monday, its highest close since late July, after a weekly gain of about 1% — the best in more than three months — and is holding above the 100.00 handle in Asia. Three Fed officials speak tonight alongside a $69 billion two-year note auction, the first leg of $183 billion of Treasury supply this week.

October hike odds climb toward 60% as Goldman and BofA both flip — what Warsh's "dose of accommodation" really changed Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.

Author Irene Q.

Sep 23, Wed

Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.

Memory chips surge, Nasdaq notches a second straight record close — why the Dow fell 185 points anyway Micron gained 5%, SanDisk 6.8%, Seagate 4% and Western Digital 3% as the memory complex led the Nasdaq Composite to a second consecutive record close of 27,244.28. But the Dow fell 185 points as JPMorgan, Wells Fargo and Schwab slid more than 3% each — a split tape that says more about positioning than about the economy.

Author Irene Q.

Sep 23, Wed

Micron gained 5%, SanDisk 6.8%, Seagate 4% and Western Digital 3% as the memory complex led the Nasdaq Composite to a second consecutive record close of 27,244.28. But the Dow fell 185 points as JPMorgan, Wells Fargo and Schwab slid more than 3% each — a split tape that says more about positioning than about the economy.

US input costs rose at the fastest pace in four years — the September flash PMI beat is an inflation story, not a growth story US September flash PMIs came in far above expectations, with the composite at 58.4, a five-year high. But the detail that moved markets was input cost inflation at its fastest since October 2022, driven by fuel, transport and supply shortages. Brent is back above $100 and the 10-year Treasury yield has hit its highest since 2007.

Author Suzie

Sep 24, Thu

US September flash PMIs came in far above expectations, with the composite at 58.4, a five-year high. But the detail that moved markets was input cost inflation at its fastest since October 2022, driven by fuel, transport and supply shortages. Brent is back above $100 and the 10-year Treasury yield has hit its highest since 2007.

Gold Price Forecast: Gold Drops Below $4,300, Will It Continue to Fall? As of the European session on September 24, gold prices (XAUUSD) extended their correction, dipping below $4,300 intraday to hit a low of $4,262.45. After previously rebounding close to $

Author TradingKey

Sep 24, Thu

As of the European session on September 24, gold prices (XAUUSD) extended their correction, dipping below $4,300 intraday to hit a low of $4,262.45. After previously rebounding close to $

Popular Symbols