Elon Musk's DOGE Enthusiasm Triggers Tesla Brand Decline Amid 20% Post-Inauguration Slump, According to Dan Ives

Wedbush Securities analyst Dan Ives is maintaining his $550 price target for Tesla Inc. despite growing concerns over CEO Elon Musk’s involvement with the Department of Government Efficiency. Ives believes that the negative impact on the Tesla brand is being overestimated, stating that the “bark is way worse than the bite” in terms of brand issues and balancing time.

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