Zed Jameson / Bloomberg/Getty Images
Key Takeaways
- Tesla is scheduled report its first-quarter earnings Tuesday after the closing bell.
- The electric vehicle maker's stock has lost more than 40% of its value in 2025 amid lagging sales and backlash to CEO Elon Musk's political activities.
- Longtime Tesla bull Dan Ives of Wedbush said the company faces a "code red situation" if Musk doesn't step away from politics and refocus on Tesla.
Tesla (TSLA), shares rose Tuesday, ahead of the company’s first-quarter earnings announcement, which is due at the close.
Shares of the electric vehicle maker were up close to 5% in recent trading, but the stock has lost more than 40% so far in 2025 amid lagging sales and a backlash to CEO Elon Musk's political activities.
Wedbush analyst Dan Ives, who has been a Tesla bull for many years, said that the company is in a “code-red situation” if Musk does not step back and focus on Tesla.
Tesla dealerships were the target of protests and vandalism over the past few weeks. Reports indicate that sales in China and Europe have dropped.
Tesla’s first-quarter deliveries fell short of Wall Street expectations earlier this month. The company delivered 336.681 vehicles in the quarter and produced 362,615, down from 386.810 deliveries and 433.371 produced vehicles a full year ago. Reuters reported last weekend that Tesla had halted shipments of parts for its semi trucks, and Cybercab autonomous taxi, because of the Trump Administration’s tariffs. This could delay production and release.
