Tesla shares fell nearly 6% on Monday ahead of its first-quarter earnings report, according to CNBC. Analysts warned of “ongoing brand erosion” tied to CEO Elon Musk’s political involvement and falling consumer sentiment. Investor concerns center on Musk’s distractions, delays in Tesla’s robotaxi rollout, and damage from his role in the Trump administration. Wedbush analyst Dan Ives said Tesla has become a global political symbol of the Trump administration and urged Musk to present a turnaround vision. The stock was down over 40% for the year on Monday's close.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Tesla shares fell nearly 6% on Monday out of its first quarter earnings report, according to CNBC.
00:08Analysts warned of ongoing brand erosion tied to CEO Elon Musk's political involvement and falling consumer sentiment.
00:14Vester concerns centered on Musk's distractions, delays in Tesla's robo-taxi rollout, and damage from his role in the Trump administration.
00:22Wedbunch analyst Dan Ives said Tesla has become a global political symbol of the Trump administration
00:27and urged Musk to present a turnaround vision.
00:30Stock was down over 40% for the year on Monday's close.
00:33For all things money, visit Benzinga.com slash GSTV.