0712 ET - Longtime Tesla bull Dan Ives of Wedbush isn't turning tail on the EV maker yet, but he says that Elon Musk needs to leave the federal government, take a major step back from his work for DOGE and get back to being Tesla's CEO full time. During Tesla's earnings call on Tuesday, Musk is expected to address his role in the Trump administration and answer questions about any potential plans to stay in an advisory role at the White House, Wedbush analysts say in a research note. "If Musk leaves the White House there will be permanent brand damage, but Tesla will have its most important asset and strategic thinker back as full time CEO to drive the vision and the long term story will not be altered," the analysts say. Shares are down 3.8% at $232.13 premarket. (dean.seal@wsj.com)
(END) Dow Jones Newswires
April 21, 2025 07:12 ET (11:12 GMT)
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