Wall Street’s Biggest Tesla Bull Stays Bullish Despite Musk’s DOGE Role | Global News Avenue

Tesla (TSLA) Stocks fell about 17% this year, CEO Elon Musk is the headlines – the most important thing is how he leads the U.S. government Cost cut sector Doge Not electric car manufacturers.

The market is worried that Musk has too much in the trading session and is not swaying Wedbush’s long-term bull Dan Ives. Ives wrote in a note on Monday that he maintained his outperformer rating and $550 target for his optimism about the future of company autonomy and robots. Wedbush has the highest price target among analysts tracked by visible Alpha.

“The concern on the street is that Musk has devoted a lot of time (even more than we expected) at such a critical moment and during the year,” Eves’ analysts wrote in a note. on Monday.

But, they noted: “Musk has been able to balance his numerous initiatives better than any other CEO we’ve ever seen.”

Wedbush added that demand in Europe fell and “ From the brand’s perspective, Musk’s “actions” associated with Musk and Tesla Vehals, which are closely linked to US President Donald Trump.

Wedbush pointed to Tesla’s upcoming vehicle and product launches to perform well.

Among them: EV manufacturers are preparing for new mass-market vehicles in the first half of the year and announce their self-driving cars and Optimus humanoid robot. Tesla also plans to launch its first robotics service in June in Austin, Texas, and launch the next week of its updated model Y, known as the Juniper, analysts wrote.