Wedbush says less than 5% of Tesla sales at risk from Musk concerns

Wedbush says the protests at Tesla (TSLA) dealers over the weekend, violence seen at Tesla drivers around the country and in Europe, more Elon Musk related brand worries and distractions related to the Department of Government Efficiency “have been an albatross over Tesla’s stock with a horrific 2025 so far.” Wedbush estimates less than 5% of Tesla sales globally are at risk from these issues “despite the global draconian narrative for Musk.” The analyst expects Musk will better balance his time between DOGE and Tesla over the course of 2025, causing some of these “distraction issues” to fade. The firm continues to believe the “best thing that ever happened” to Tesla was Trump winning the White House again, saying this will create a deregulatory environment. Wedbush keeps an Outperform rating on the shares with a $550 price target