Elon Musk is 'asleep at the wheel' at a pivotal moment for Tesla and has lost credibility, Wedbush's Dan Ives says
CEO Elon Musk's preoccupation with Twitter is leaving the electric car company he founded hanging out to dry without a leader, according to Wedbush's Dan Ives.
"Need a leader at this time for Tesla, not Ted Striker," Ives said, referring to a character in the movie"Airplane.""At the same time that Tesla is cutting prices and inventory is starting to build globally in face of a likely global recession, Musk is viewed as 'asleep at the wheel' from a leadership perspective for Tesla at the time investors need a CEO to navigate this Category 5 storm.
But Ives put the responsibility on Musk and attributed 70% of the Tesla's sell-off to worry over his focus on Twitter.
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