Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Reports: The wounded is an Israeli occupation forces officer.
Reports indicate that a 25-year-old man was wounded and that the man behind the operation was "neutralized".
Reports indicate a stabbing operation took place at the Chain Gate (Bab al-Silsila Minaret) in the al-Aqsa Mosque compound in occupied al-Quds.
Iran MFA: Iran has not received any written proposal from the US on the nuclear deal, whether directly or indirectly.
Al Mayadeen correspondent in Yemen: Israeli aggression targets the port of As-Salif, Hodeidah governorate.
Reuters: The Russian and Ukrainian delegations met in Istanbul
Al Mayadeen's correspondent: 72 martyrs in Israeli raids on the Gaza Strip since dawn today
Al Mayadeen's correspondent: Iran maintains that its talks with the Europeans and its indirect negotiations with the United States are proceeding on separate tracks
Al Mayadeen's correspondent in Istanbul: Talks with the European Troika are being led by Iran's deputy foreign ministers for political and legal affairs
Al Mayadeen's correspondent: Bombardment of the Gaza Strip by land, sea, and air has continued since the early morning

Tesla, Elon Musk entangled in 'brand tornado crisis moment'

  • By Al Mayadeen English
  • Source: News websites
  • 20 Mar 2025 17:10
  • 1 Shares
3 Min Read

Dan Ives, managing director at the US financial firm Wedbush and a self-described Tesla "core bull", believes Musk's leadership of DOGE is harming his reputation and company.

Listen
  • x
  • Elon Musk and Donald Trump speak to the press as they stand next to a Tesla Cybertruck.
    Elon Musk and Donald Trump speak to the press as they stand next to a Tesla Cybertruck (Undated, AFP)

Tesla and Elon Musk are experiencing a "brand tornado crisis moment," and the CEO has to reduce his work for Donald Trump to mitigate the damage, according to one of the company's most vocal fans.

The warning came after Tesla issued a recall of 46,000 Cybertrucks in the United States on Thursday to repair an external panel that might detach while driving.

Protesters declared on Wednesday that they were planning their largest day of action yet against the EV company, with 500 protests scheduled at Tesla stores worldwide on March 29.

Tesla shares have lost a third of their value in the last month due to a variety of investor worries, including the impact on sales of Musk's high-profile participation with the Trump administration, which included slashing the public sector through his "department of government efficiency" (DOGE).

Dan Ives, managing director at the US financial firm Wedbush and a self-described Tesla "core bull", claimed Musk's leadership of DOGE is harming the multibillionaire's reputation and the company he oversees.

"The brand damage started off as limited in our view based on our initial survey work … but now has spread globally over the last few weeks into what we would characterize as a brand tornado crisis moment for Musk and Tesla," Ives said in an email to investors.

Related News

Trump signals new US tariffs, warns trading partners of imminent hikes

Iran dismisses claims of US proposals, reaffirms commitment to rights

Musk has reduced employment and spending in his capacity, but a US judge concluded on Tuesday that Musk and DOGE were likely to have violated the US Constitution by closing the US Agency for International Development.

Ives highlighted protests at Tesla shops, vandalism of automobiles, and global demonstrations as evidence of a "massive overhang for Tesla's stock." He claimed Musk was at a "moment of truth" and needed to act.

“Tesla and Musk are facing a defining chapter in their future, and how Musk handles this in the next few months will be pivotal to Tesla's long-term growth trajectory. Tesla is Musk and Musk is Tesla … they are synonymous and attached together and cannot be separated,” he contended.

He also asked Musk to provide a strategy and timeline for the introduction of new, lower-cost vehicles, as well as the launch of fully self-driving vehicles in Austin, Texas, in June. "There is one person Tesla investors need to hear from … Musk," Ives claimed. 

The Vancouver Auto Show said it was eliminating Tesla hours before it began on Wednesday in western Canada, with organizers assuring reporters that the decision was not taken lightly.

Musk has faced a backlash in Canada for months over his support for Trump, which has escalated in recent weeks as the president dragged Canada into a harsh trade war and frequently hinted at the nation becoming the 51st state of the United States.

More than 375,000 Canadians signed a petition in February to deprive Musk of his Canadian citizenship.

Meanwhile, Tesla Takedown, which organized protests against Tesla and Musk, organized a "day of action" that included rallies at every showroom in the United States and 500 other locations worldwide. In a social media statement, the organization asked demonstrators to "turn out in numbers to fight Elon Musk's illegal coup".

  • Elon Musk
  • Tesla
  • Tesla CEO Elon Musk
  • Donald Trump
  • United States
  • Tesla cybertruck

Most Read

A boy draped in a Palestinian flag carries a mock rocket during a weekly anti-US and anti-Israeli rally in Sanaa, Yemen, Friday, May 9, 2025 (AP)

Yemen announces hypersonic missile strike on Ben Gurion Airport

  • Politics
  • 9 May 2025
Two F-35 jets arrive at it's new operational base Wednesday, Sept. 2, 2015, at Hill Air Force Base, in northern Utah. (AP)

F-35 near-misses over Yemen signal new risks for 'Israel': Forbes

  • Politics
  • 14 May 2025
Palestinians pray over bodies of people killed in the Israeli bombardment who were brought from the Shifa hospital before burying them in a mass grave in the town of Khan Younis, southern Gaza Strip, Wednesday, Nov. 22, 2023. (AP )

Gaza casualty figures mask a much bigger horror, new study shows

  • Politics
  • 11 May 2025
Gaza and the logic of necropolitics: Sovereignty measured by killing

Gaza and the logic of necropolitics: Sovereignty measured by killing

  • Politics
  • 15 May 2025

Coverage

All
Gaza prevails against genocide

Read Next

All
Romanian presidential front-runner accuses Macron of interference
Europe

Romanian presidential front-runner accuses Macron of interference

Syria signs $800 million deal with UAE to develop Tartus Port
MENA

Syria signs $800 million deal with UAE to develop Tartus Port

Some Pakistanis have taken to the streets in protest over India's decision to suspend the water deal. (AP Photo: Anjum Naveed)
Politics

India threatens Pakistan’s water supply with Indus river project plans

Former FBI chief accused of calling for Trump’s assassination
US & Canada

Former FBI chief accused of calling for Trump’s assassination

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS