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%.
