Tesla Stock Falls 45% From Record High, a 'Gut Check Moment' That Has Wall Street Bulls Doubling Down
The recent decline of Tesla's stock price serves as a test of the company's long-term viability, forcing its largest supporter on Wall Street to defend the firm. Despite this sharp drop, Wedbush analyst Dan Ives remains bullish on Tesla, citing the potential benefits of Elon Musk's involvement in politics. However, the impact of Musk's foray into politics on Tesla's sales is still a subject of debate.
- The defense of Tesla by Wall Street bulls highlights the tension between short-term market fluctuations and long-term strategic considerations, underscoring the need for investors to take a holistic view of the company's prospects.
- How will the ongoing politicization of Elon Musk impact his ability to effectively lead Tesla as it continues to navigate complex regulatory environments?