2025-04-03T14:00:54.000Z

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After Tesla (TSLA) announced its Q1 delivery figure of 337,000 vehicles, which was “well below” both the Street’s 352,000 estimate and Street “whisper numbers” of about 350,000, Wedbush said “brand crisis issues are clearly having a negative impact on Tesla…there is no debate.” This delivery number was “a disaster for the bulls with continuous negativity around the TSLA brand,” according to the analyst, who adds: “We are not going to look at these numbers with rose colored glasses…they were a disaster on every metric.” While the firm says it remains “firmly bullish on the long-term Tesla story” and maintains an Outperform rating on the shares, it adds that Elon Musk “needs to stop this political firestorm and balance being CEO of Tesla with DOGE” and that the CEO “needs to get his act together or else unfortunately darker times are ahead for Tesla.” Don't Miss Our End of Quarter Offers: Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks. Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on TSLA: Disclaimer & DisclosureReport an Issue