) prepares to release its first quarter earnings results, Wedbush Securities has lowered its price target on the stock, citing a demand slowdown and headwinds impacting the company's margins. Wedbush Securities Managing Director Dan Ives joins Yahoo Finance Live to explain why he believesand emphasizes that while Wall Street acknowledges this challenge, Tesla needs to"draw a line in the sand.
And our whole point is on the other side of this, the growth story is still there. But look, this is a fork in the road period for Musk to navigate. I mean, and this is going to be ripped a Band-Aid off when they report Tuesday morning.You said the other side.
You compare that to what Cook will do on the calls, Nadella, some of the other hall of famers. I'm not saying Musk is going to do that, but this is a quarter that's really going to shake some confidence. And I think that's the thing. We see it on the other side in terms of being bullish, but no doubt that's why we had to lower the price target.
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