Dan Ives, a Wedbush analyst, has warned that Tesla’s upcoming earnings report is critical for the company’s future. He believes that Tesla faces challenges similar to those encountered in 2015, 2018, and 2020. Ives notes that many long-time Tesla proponents are becoming skeptical of the company’s future outlook.
To restore investor confidence, Ives emphasizes the significance of the upcoming earnings report and urges CEO Elon Musk to confirm the presence of a low-cost Model 2 on the company’s product roadmap. He believes that first-quarter results will likely be overshadowed by any updates to Tesla’s long-term vision.
Despite these challenges, Ives remains optimistic about Tesla’s long-term potential. He gives Tesla an “Outperform” rating with a $300 price target. However, he stresses that key details must be confirmed to restore investor confidence in the current market uncertainties.