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I think you need to look in the mirror and ultimately now refocus back on Tesla and I think for Twitter it's really been using Tesla as an ATM machine and the pr and thick our worry is that it hurts the brand it hurts the brand of Tesla must is the brand and this has just been a circus show that in almost a torturous way just continues to get worse hey everyone Alex UNESCO here welcome to Investors Guide to the Galaxy is Dan Ives upset with Elon Musk he slashed the Target price for Tesla stock to 250 dollars from 300 let's dive right into it Tesla stock price today up 2.75 percent here today down 51 percent Daniel lives on Yahoo finance it's a radically change Twitter Webb Bush analyst Dan Ives taking a hard stance on musk's move saying Tesla is in a purely painful dark situation and that musk has managed to do what bears have tried for years cutting his price Target to 250 dollars red bush analyst Stan Ives joins us now Dan you've had enough look I mean I think the Clock Struck midnight on the frustration and and it's gotten to a point where must need to look in the mirror and ultimately now refocus back on Tesla and I think for Twitter it's really been using Tesla as an ATM machine and the pr and thick our worry is that it hurts the brand it hurts the brand of Tesla must is the brand and this has just been a circus show that in almost a torturous way just continues to get worse what would get you to go back and upgrade the stock look I mean we we still have a buyer rating 250 price Target but the reason we took it off top picked list because in the near term it's going to be hard for the stock to significantly outperform till this Twitter black cloud ultimately queers in what's still you know a jittery environment for risk on and I believe that you know Tesla's still on Pace for a very strong Q4 and obviously the long-term goal thesis is unchanged as we'll cut the next year or two but look this is this has gotten to a Tipping Point and I think it's really a moment of truth from us to now refocus back on The Golden Child Tesla because Twitter it's essential to Tom Hanks Money Pit movie and then that's part of the problem Dan when you think about not just the competitive environment but how Tesla is operating itself right now even with the attention that Elon Musk is giving to Twitter at this point in time is it a good scenario for for Tesla to be able to kind of just focus without having Elon Musk kind of breathe down the necks of people over at Tesla or is that a net beneficiary to the Brandon Tesla when you do have Elon Musk that is on the factory floor that's in people's faces and and making sure that he's also visible throughout the entire production experience yeah but this would be like cook being in the Galapagos Islands while Apple's going through a supply chain issue in China yeah you know so that that's part of the problem is that Tesla needs musk more than it ever has it's a very significant period in the next six to nine months I agree with the first part of what the host said I think Tesla has grown up now and doesn't need attention from Elon Musk all the time like Tesla needed before from time to time yes but not all the time and and the issue is that the Antics we've seen on Twitter and you've seen it from an advertising perspective it's a brand destruction that's the biggest problem and you know ultimately musk is the brand of pesto and that's why it was one thing in terms of selling stock but now it started to bleed over and that's why you know for us it was time enough is enough to sort of come out there and make a statement because in my opinion it it's impacted the stock exactly this has impacted the stock price that's correct but it did not impact Tesla as a company I think moreover Tesla got the Boost as a recognized brand even though some publicity is negative but it's still publicity we know Tesla is not doing advertising here you go this is advertising in the style of Elon Musk he is tearing up things on Twitter and people start to search information about him and find the companies he has they eventually actually buy the products he has is this far-fetched I don't know maybe I'd like to know your opinion on all of this please leave a comment below if you like this video please smash that like button so that other people like you see this video and don't forget to subscribe to my channel thank you very much I appreciate all of you that watch my videos see you next time
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