Tesla 's big miss on first-quarter deliveries is raising alarm even among some of the stocks most strident supporters.
Wedbush analyst Dan Ives, a long-time optimist about the automaker and its CEO Elon Musk, delivered a harsh review of the results on Tuesday morning.
"While we were anticipating a bad 1Q, this was an unmitigated disaster 1Q that is hard to explain away.
Otherwise, some darker days could clearly be ahead that could disrupt the long-term Tesla narrative," Ives said in a note to clients.
"For Musk, this is a fork in the road time to get Tesla through this turbulent period otherwise troubling days could be ahead," Ives added.
Persons:
Tesla, Dan Ives, Elon Musk, Ives, Musk, Wedbush
Organizations:
optimist, Tesla
Locations:
Tesla's Berlin, Delaware, Texas