Wedbush says Tesla needs to ‘navigate brand crisis or else’

TipRanks

Thu, Apr 3, 2025, 10:00 AM 1 min read

After Tesla (TSLA) announced its Q1 transportation fig of 337,000 vehicles, which was “well below” some the Street’s 352,000 estimation and Street “whisper numbers” of astir 350,000, Wedbush said “brand situation issues are intelligibly having a antagonistic interaction connected Tesla…there is nary debate.” This transportation fig was “a catastrophe for the bulls with continuous negativity astir the TSLA brand,” according to the analyst, who adds: “We are not going to look astatine these numbers with roseate colored glasses…they were a catastrophe connected each metric.” While the steadfast says it remains “firmly bullish connected the semipermanent Tesla story” and maintains an Outperform standing connected the shares, it adds that Elon Musk “needs to halt this governmental firestorm and equilibrium being CEO of Tesla with DOGE” and that the CEO “needs to get his enactment unneurotic oregon other unluckily darker times are up for Tesla.”

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