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

Gold posts first weekly gain in three weeks — can $4,200 hold through CPI?Spot gold closed at $4,194.645, up 1.47% — its first weekly gain in three weeks — and COMEX futures settled back above $4,200 at $4,220.30. Here are the drivers, the levels and the scenarios into Wednesday's CPI.

Author Irene Q.

Yesterday 05: 48

Spot gold closed at $4,194.645, up 1.47% — its first weekly gain in three weeks — and COMEX futures settled back above $4,200 at $4,220.30. Here are the drivers, the levels and the scenarios into Wednesday's CPI.

US September CPI preview: inflation set to hit 3.7% — will the Fed hike in December?US September CPI lands Wednesday with headline inflation seen at 3.7% y/y and core at 0.2% m/m. December hike odds sit near 70% — here are the scenarios, the calendar and the key levels.

Author Irene Q.

Yesterday 03: 23

US September CPI lands Wednesday with headline inflation seen at 3.7% y/y and core at 0.2% m/m. December hike odds sit near 70% — here are the scenarios, the calendar and the key levels.

Gold Price Forecast: Gold Rebounds Above $4,200, Can Falling Oil Prices Drive Another Rally?As of Friday (October 9), gold prices (XAUUSD) rebounded noticeably after consecutive declines. During today's Asian session, gold prices briefly rebounded above $4,200, reaching an intra

Author TradingKey

Oct 09, Fri

As of Friday (October 9), gold prices (XAUUSD) rebounded noticeably after consecutive declines. During today's Asian session, gold prices briefly rebounded above $4,200, reaching an intra

Hurricane Isaias has shut in a quarter of Gulf oil output — can WTI clear $92 before Thursday's EIA report?WTI trades at $90.80 after rebounding roughly 3% from Wednesday's $87.96 low as Hurricane Isaias — the Atlantic season's first — forces producers to shut in about 25% of US Gulf of Mexico output. Brent holds at $103.41. The first official read on the disruption arrives with the EIA weekly petroleum report on Thursday 15 October — here are the key levels and both scenarios.

Author Irene Q.

Oct 09, Fri

WTI trades at $90.80 after rebounding roughly 3% from Wednesday's $87.96 low as Hurricane Isaias — the Atlantic season's first — forces producers to shut in about 25% of US Gulf of Mexico output. Brent holds at $103.41. The first official read on the disruption arrives with the EIA weekly petroleum report on Thursday 15 October — here are the key levels and both scenarios.

【Daily Brief】Gold rebounds 1% off a two-month low, Nasdaq drops 1.25% and yields ease — the storm premium keeps WTI near $91 Gold trades at $4,174 after rebounding from Wednesday's $4,090 two-month low, the Nasdaq fell 1.25% while the Dow edged higher, and the 10-year Treasury eased to 5.23% from the week's highs. Hurricane Isaias keeps about 25% of Gulf output shut in with WTI near $91, and bitcoin holds below $82,000. The next scheduled tests are the EIA report on 15 October and the FOMC on 27-28 October.

Author Irene Q.

Oct 09, Fri

Gold trades at $4,174 after rebounding from Wednesday's $4,090 two-month low, the Nasdaq fell 1.25% while the Dow edged higher, and the 10-year Treasury eased to 5.23% from the week's highs. Hurricane Isaias keeps about 25% of Gulf output shut in with WTI near $91, and bitcoin holds below $82,000. The next scheduled tests are the EIA report on 15 October and the FOMC on 27-28 October.

Popular Symbols