Transportation
Tesla Slides as Analyst Warns of ‘Code Red’ Ahead of Earnings
This article is for subscribers only.
Tesla Inc. shares fell on renewed questions over Elon Musk’s role with the federal government and uncertainty over the company’s plans to introduce a lower-cost electric vehicle.
Wedbush Securities analyst Dan Ives said Tesla’s chief executive officer should step back from his controversial work at the Department of Government Efficiency and re-focus his attention on the carmaker. Tesla is facing a “code red” moment as it prepares to report first-quarter earnings Tuesday, the analyst said.