Analyst Dan Ives of Wedbush has warned Elon Musk that his involvement with the Department of Government Efficiency (DOGE) has created a “brand tornado crisis” for Tesla, leading to a significant drop in the company’s stock price and growing protests worldwide. Ives has called on Musk to reduce his role at DOGE and provide a more concrete roadmap for Tesla’s future projects, including more affordable models and a robotaxi service.
Forecast for 6 months: Tesla’s stock price is expected to continue its downward trend, potentially reaching a low of $180 due to the ongoing crisis and lack of clear direction from Musk. Protests against the company may escalate, leading to increased vandalism and damage to Tesla’s vehicles and stores.
Forecast for 1 year: If Musk fails to address the crisis, Tesla’s stock price may plummet to $100, and the company may face significant financial difficulties. However, if Musk takes Ives’ advice and provides a clear roadmap for the company’s future, Tesla’s stock price may recover to $300, and the company may begin to regain its momentum.
Forecast for 5 years: In the next 5 years, Tesla may face increased competition from other electric vehicle manufacturers, potentially leading to a decline in market share. However, if Musk is able to navigate the current crisis and provide a clear vision for the company’s future, Tesla may emerge as a leader in the electric vehicle market, with a stock price of $500 or higher.
Forecast for 10 years: In the next decade, Tesla may become a dominant player in the electric vehicle market, with a significant lead over its competitors. However, the company will need to continue to innovate and adapt to changing market conditions in order to maintain its position. A stock price of $1,000 or higher is possible if Tesla is able to execute its vision and provide a clear roadmap for the company’s future.
