Dan Ives, the global head of technology research at Wedbush Securities, has publicly urged Tesla CEO Elon Musk to step down from his role in the Trump administration and fully commit to leading Tesla. In a recent post on X (formerly Twitter), Ives emphasized the need for Musk to return to his core responsibilities at the electric vehicle giant following Tesla’s Q1 earnings report released on Tuesday.
“Tesla and Nvidia are among the most disruptive technology companies in the world,” Ives stated. “However, Musk must exit his government role, reduce focus on DOGE, and resume his duties as Tesla CEO full-time. This upcoming earnings call is critical for Tesla.”
Currently, Elon Musk is heading the Department of Government Efficiency (DOGE), a cost-cutting initiative within the Trump administration. His leadership at DOGE has sparked growing concerns among Tesla investors, who believe his political commitments are distracting from the company’s core challenges and strategic direction.
Critics argue that Musk’s deepening involvement in government affairs has contributed to Tesla’s recent struggles in key markets like China and the United States. In early April, Tesla suspended new orders for its Model S and Model X vehicles on its Chinese website, signaling operational headwinds.
Investors and analysts alike are now calling for Musk to refocus on Tesla’s innovation and market leadership, particularly as competition in the global EV sector intensifies.
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