Tesla Bull Says All-Palms Assembly Reveals Elon Musk Is ‘Studying the Room’

• Elon Musk hosted a late-night Tesla all-hands on Thursday and addressed the plunging share value.
• Wedbush analyst Dan Ives hailed the assembly as a “step ahead” that confirmed Musk was “studying the room.”
• The ultra-bull beforehand warned Tesla was in disaster and stated Musk wanted to spend much less time on DOGE.

Elon Musk’s shock late-night all-hands has already received over one Wall Avenue analyst.

Wedbush Securities analyst Dan Ives, historically one in every of Tesla’s most bullish followers, stated the all-hands was a “much-needed step ahead” for Musk.

Ives had beforehand warned Tesla was spiraling right into a “model disaster twister” amid widespread protests and a plunging inventory value.

“This was a key second for Musk and Tesla to point out management and he did,” he wrote in a be aware on Friday.

“We applaud Musk for ‘studying the room’ and displaying vital hand-holding at this key time for workers and traders.”

Ives has been one in every of Tesla and Musk’s loudest advocates on Wall Avenue, constantly stressing optimism concerning the EV maker’s long-term outlook.

Nevertheless, in a change of tone on Thursday, the analyst warned that Tesla had descended right into a “disaster.” He referred to as on Musk to stability his time engaged on DOGE along with his function as Tesla CEO, warning that the billionaire’s work on the White Home had turned the corporate right into a “political image.”

Tesla’s share value has virtually halved since mid-December, with traders expressing concern over Musk’s spending time in Washington, D.C.

Gross sales have plunged in a number of markets this yr, whereas Tesla showrooms and autos have turn out to be a goal for protests in opposition to widespread federal job cuts pushed by means of by DOGE.

The Tesla all-hands, which kicked off simply earlier than 10 p.m. ET and was livestreamed on X, sparked confusion amongst some workers who had been notified solely shortly earlier than.

The occasion noticed Musk deal with the turmoil round Tesla and the inventory value.

The Tesla boss in contrast the general public backlash and acts of vandalism in opposition to firm property to “armageddon,” telling workers he could not “stroll previous the TV with out seeing a Tesla on fireplace.”

Musk additionally instructed traders to “cling on to your inventory,” pointing to Tesla’s upcoming “Cybercab” robotaxi and plans to construct a “legion” of Optimus robots this yr. Tesla shares costs fell by half a share level after buying and selling hours.

Within the Friday be aware, Ives stated he believed Tesla’s future remained vibrant due to its investments in autonomous autos, AI and robotics — however warned that challenges stay.

“Musk wants to steer Tesla by means of this very turbulent interval and present workers and traders the opposite aspect of this darkish model disaster twister,” wrote Ives.

“We aren’t asking Musk to surrender his DOGE initiative … as an alternative we and lots of high traders are asking for stability as Tesla CEO and DOGE on this key interval for Tesla.”

Tesla didn’t instantly reply to a request for remark.