Tesla Faces Similar Challenges to 2015, 2018 and 2020, Analyst Warns of Long-Term Shareholder Loss
Tesla is facing challenges similar to those encountered in 2015, 2018, and 2020, according to Wedbush analyst Dan Ives. He warns that 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.
Tesla CEO Elon Musk must confirm the presence of a low-cost Model 2 on the company’s product roadmap, says 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.
Ives emphasizes the significance of the upcoming earnings report for Tesla amid current market uncertainties. He draws parallels between the company’s current situation and past periods of uncertainty, suggesting that this is a critical moment for Tesla’s future. Despite these challenges, Ives remains optimistic about Tesla’s long-term potential but stresses the importance of confirming key details to restore investor confidence.
