1350 ET - Elon Musk needs to step up as Tesla CEO at this critical time as investor patience is starting to wear thin, Wedbush analysts say in a research note. "There has been little to no sign of Musk at any Tesla factory or manufacturing facility the last two months and perception has become reality for Tesla shares," the analysts say. While Trump getting elected President represented a big moment for Musk and Tesla, the DOGE efforts have now intertwined Tesla into a brewing political firestorm, the analysts say. Still, Tesla is at a bright spot when it comes to its innovation plans. "Autonomous will be the biggest transformation to the auto industry in modern day history and in our view Tesla will own the autonomous market in the US and globally," Wedbush says. Tesla is off 44% year-to-date.(sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
March 11, 2025 13:50 ET (17:50 GMT)
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