Overview

• Tesla's stock has dropped 36% year-to-date, with significant sales declines in key markets like California, where EV registrations fell 15% in Q1 2025.
• Wedbush Securities analyst Dan Ives calls for Musk to leave his role at the Department of Government Efficiency (DOGE) to focus full-time on Tesla leadership.
• Protests against Musk's political association with the Trump administration have escalated, including over a dozen violent incidents targeting Tesla facilities.
• Analysts warn Tesla could face permanent demand destruction of 15%-20% due to brand damage tied to Musk's political affiliations.
• Despite current challenges, Wedbush maintains an 'Outperform' rating on Tesla, citing its long-term potential in autonomous driving and robotics innovation.