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Musk “Chose Tesla (TSLA)” at a Crucial Time, Well-Known Analyst Says

by TheAdviserMagazine
6 months ago
in Business
Reading Time: 2 mins read
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Musk “Chose Tesla (TSLA)” at a Crucial Time, Well-Known Analyst Says
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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.

Dan Ives Tesla

 

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.

While we acknowledge the potential of TSLA, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than TSLA but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey.



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