Tesla Risks Losing Up To 20% Of Future Customer Demand As CEO Elon Musk’s DOGE Role Fuels Brand Crisis, Warns Wedbush’s Dan Ives

Benzinga

Wedbush analyst Dan Ives warned Sunday that Tesla faces a defining moment as CEO Elon Musk’s dual roles threaten to deepen brand damage ahead of the company’s first quarter earnings report Tuesday. According to Fortune, Ives said that Musk needs to leave the Trump administration and reduce his involvement with the Department of Government Efficiency, citing political backlash in key markets and declining support among progressive consumers. He said Tesla has become a political symbol of the Trump administration and that brand damage could cut future demand by up to 20%.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Redbush analyst Dan Ives warned Sunday that Tesla faces a defining moment

00:05as CEO Elon Musk's dual roles threatened to deepen brand damage out of the company's first

00:10quarter earnings report on Tuesday. During the fortune, Ives said that Musk needs to

00:15leave the Trump administration and reduce his involvement with the Department of Government

00:20Efficiency, citing political backlash in key markets and declining support among progressive

00:27consumers. He said Tesla has become a political symbol of the Trump administration and that

00:32brand damage could cut future demand by up to 20%.

00:36For all things money, visit Benzinga.com slash GSTV.

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