Tesla’s upcoming earnings report will be crucial for the company as it faces challenges similar to those encountered in 2015, 2018, and 2020. Wedbush analyst Dan Ives has warned that this may result in a loss of long-term shareholders. According to Ives, many long-time Tesla proponents are becoming skeptical of the company’s future outlook.
Ives believes that it is essential for Tesla CEO Elon Musk to confirm the presence of a low-cost Model 2 on the company’s product roadmap. He notes that 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 the 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 the challenges, Ives remains optimistic about Tesla’s long-term potential but stresses the importance of confirming key details to restore investor confidence.