Wedbush analyst Dan Ives praised Elon Musk for recommitting to Tesla and scaling back his government involvement during Tuesday's Q1 earnings call. Musk said he will reduce his time with the Department of Government Efficiency to “a day or two per week” starting in May. Ives called the call “the most important” of Musk’s career, warning that Tesla had already suffered brand damage due to Musk’s political ties and that continued distraction could trigger an “avalanche.” Ives reaffirmed his bullish stance, despite calling the quarter a “disaster."
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Ledbush analyst Dan Ives praised Elon Musk for recommitting to Tesla
00:05and scaling back his government involvement during Tuesday's Q1 earnings call.
00:10Musk said he will reduce his time with the Department of Government efficiency
00:12to a day or two per week starting in May.
00:16Ives called the call the most important of Musk's career,
00:19wearing that Tesla had already suffered brand damage due to Musk's political ties
00:22and a continued distraction could trigger an avalanche.
00:26Ives reaffirmed his bullish stance despite calling the quarter a disaster.
00:29For all things money, visit Benzinga.com slash GSTV.