Tesla (TSLA) has confronted mounting challenges in 2024, garnering more and more bearish sentiments from main shareholders. The EV maker’s inventory has fallen virtually 40% year-to-date.
Wedbush Securities Managing Director Dan Ives lately put out a word claiming that “the clock has struck midnight” for Tesla CEO Elon Musk. He joins Yahoo Finance to debate Tesla’s latest efficiency and what the corporate’s future could seem like shifting ahead.
Ives elaborates on his stance: “That is actually what I view when after I say ‘clock hanging midnight’ — it comes down for Musk. Navigate the Class 5 storm similar to he has in ’18, 2020, and different. In any other case, this isn’t simply ‘Belief me,”‘ as a result of I feel that is actually the frustration now that, basically, it went from a Cinderella story, magic carpet journey to what’s been a little bit of a horror present, particularly the final three, 4 months.”
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