Tesla Stock Has Crashed 50% and Investors Just Got Bad News From One of Wall Street's Biggest Bulls

Tesla (NASDAQ: TSLA) stock peaked at $480 per share in December. At the time, Donald Trump had just won the presidential election with tremendous financial support from CEO Elon Musk, and investors were confident the company would benefit from their relationship. But the opposite has happened.Tesla stock has plummeted 50% from its record high and market share losses have accelerated as Musk's involvement in politics has created a "brand crisis" for the company, according to equity analyst Dan Ives at Wedbush Securities.Importantly, Ives has consistently been one the biggest Tesla bulls on Wall Street. However, he now says the company has reached a crossroads that could fundamentally change the investment thesis if Musk fails to disengage from politics in the immediate future. Here's what investors should know.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool