Tesla (TSLA) CEO Elon Musk has reached “the beginning of the end” of his tenure in the White House, well-known Wedbush Securities analyst Dan Ives told Bloomberg recently.
Musk’s move comes at “such an important time” for the automaker, Ives said.
Musk’s Huge Decision
Tesla’s CEO “had to make a choice (because) the clock struck midnight,” Ives said. The CEO chose Tesla over DOGE, and he did so “at such an important time for” TSLA,” the analyst stated.
Ives noted that the tech firm is currently developing autonomous robotaxis, a relatively affordable electric vehicle, and robots.
“Tesla needs its leader back,” said Ives, adding that the firm’s recent earnings call will “be viewed historically as probably the most important conference call Musk has ever had.”
The Recent Price Action of TSLA Stock
In the last month, the shares of TSLA have risen 6%, while they have sunk 29% in the last three months.
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