But on January 2, the company revealed disappointing fourth quarter sales, despite price cuts announced in December.
“Will they rip the band-aid off and say they no longer will see 50% sales growth?
Ives recently slashed his own Tesla price target from $250 to $175.
Some of those sales came after Musk had declared on Twitter that he was done selling Tesla shares.
“There’s so much noise that’s been an overhang on Tesla stock, from Twitter, to the court case, to his selling of stock,” said Ives.