Dan Ives Calls Elon Musk's Tesla Recommitment 'Most Important Call He's Ever Had' As CEO Scales Back DOGE Role

Wedbush analyst Dan Ives praised Elon Musk for recommitting to Tesla and scaling back his government involvement during Tuesday's Q1 earnings call. Musk said he will reduce his time with the Department of Government Efficiency to “a day or two per week” starting in May. Ives called the call “the most important” of Musk’s career, warning that Tesla had already suffered brand damage due to Musk’s political ties and that continued distraction could trigger an “avalanche.” Ives reaffirmed his bullish stance, despite calling the quarter a “disaster."