Elon Musk
Tesla analyst sees brighter future after Elon Musk reduces DOGE work
Wedbush hikes TSLA’s price target after Musk says he’s cutting back on DOGE. Analyst Dan Ives calls it a “turning point” for Tesla’s story.

Wedbush Securities analyst Daniel Ives sees a brighter future for the automaker now that Elon Musk plans to reduce his time with the DOGE team. After the company’s latest earnings call, the long-time TSLA bull raised Tesla’s price target from $315 to $350 with a BUY rating.
“Last night was a pivotal conference call for Musk to turn the corner from this dark chapter as 1Q numbers [ending] a disaster quarter in which deliveries were very soft and Tesla missed the Street on basically every metric.
“More important than numbers, this was the time [Elon] Musk could pivot, speak to shareholders/employees, and take a turn away from the DOGE/Trump White House and recommit as CEO of Tesla…and he did it loudly and clearly in a conference call that we view as a turning point in the Tesla story,” Ives said after Tesla’s earnings call.
Before Tesla’s Q1 2025 earnings call, the Wedbush analyst said the company was at a crossroads. He listed six factors that might be affecting Tesla, which he believed the company should address. Number one on Ives’ list was Tesla’s ascension to a global political symbol associated with the Trump Administration and DOGE.
It must be noted that these are Ives’ opinions and do not apply to the entire public. Some groups separate Elon Musk and Tesla from President Trump and his administration.
During the recent TSLA earnings call, Elon Musk made the separation more apparent partly by announcing that he would significantly reduce his time with DOGE.
“And I think starting probably next month, May, my time allocation to Doge will drop significantly…But starting next month, I’ll be allocating far more of my time to Tesla and now that the major work of establishing the Department of Government Efficiency is done,” Musk said.
Musk also shared his stance on Trump’s auto tariffs, differentiating himself further from the U.S. President and the current administration.
“And I undoubtedly, I’m gonna get a lot of questions about tariffs. And I just wanna emphasize that the tariff decision is entirely up to the President of the United States. I will weigh in with my advice with the President, which he will listen to my advice. But then it’s up to him, of course, to make his decision.
“I’ve been on the record many times saying that I believe lower tariffs are generally a good idea for prosperity, but this decision is fundamentally up to the elected representative of the people being the President of the United States. So, you know, I’ll continue to advocate for lower tariffs rather than higher tariffs, but that’s all I can do,” Musk said.
Elon Musk
Tesla preps for a Cybercab takeover of the Robotaxi platform after pilot program
Tesla looks to be preparing the Cybercab for Robotaxi operation as castings pile up at Gigafactory Texas.

Tesla is evidently preparing for the Cybercab to take over the Robotaxi platform after the pilot program in Austin, Texas, is launched.
That claim is made based on new drone footage from Gigafactory Texas captured by Joe Tegtmeyer, who found hundreds of Cybercab castings that have accumulated on property in Austin.
🚨 The Drone GOAT @JoeTegtmeyer has captured images of “several hundred” Cybercab castings outside of Giga Texas
The Model Y will handle the initial Robotaxi pilot program in Austin, but it looks like Cybercab could be introduced later this year as well! https://t.co/PkPXjuR5Tc pic.twitter.com/iSohkSZcIZ
— TESLARATI (@Teslarati) April 30, 2025
The Cybercab is Tesla’s dedicated Robotaxi vehicle that was unveiled last October. It features just two seats and is minimalistic, aimed toward allowing the Full Self-Driving suite to chauffeur passengers from Point A to Point B without ever having to deal with human interaction or any responsibilities within the vehicle.
In June, Tesla plans to launch its first Robotaxi rides in Texas. Although employees in Austin and in the Bay Area of San Francisco have already had access to over 1,500 trips and 15,000 miles of autonomous (but supervised) travel, Tesla plans to launch a driverless version in a limited fashion in June.
However, this initial pilot program, while presumably operating on an Unsupervised version of the FSD, will only utilize Model Ys, at least at first.
The drone footage captured by Tegtmeyer today seems to tell a story of a quick transition to the Cybercab for the Robotaxi responsibilities, especially as Tesla gets its feet wet with the early Unsupervised FSD rides and gains confidence in the fleet’s ability to navigate passengers:
Many more @Tesla Cybercab Castings at Giga Texas today! Looks like around 75 or so in the racks waiting for production line testing (or more than that?) 😎 pic.twitter.com/0zUdH6BKLx
— Joe Tegtmeyer 🚀 🤠🛸😎 (@JoeTegtmeyer) April 30, 2025
It appears that between 400 and 500 Cybercab castings can be seen in the images Joe captured, a very respectable number considering the company said it will not launch the Robotaxi with the initial rides it gives in Austin.
The images seem to paint a picture that Tesla is truly ready to get things moving in terms of the Cybercab project. While it does not plan to use the vehicle initially, its manufacturing efforts for the car are being prepared by stacking these castings so they’re ready to be expanded upon into the real thing.
On the most recent Earnings Call, Tesla’s VP of Vehicle Engineering, Lars Moravy, said the Cybercab’s engineering has progressed over the last several months to “derisk things like corrosion, the ceiling across the seams of the vehicle, and when you marry several components,” and even things like early crash testing have already taken place.
Moravy continued, “As with all that combined, we kind of go into the builds that we have in this quarter for the Cybercab product, and that’s the next real big test of full-scale integration with the unboxed process. And that’s kind of where we are. So you’ll see them on the test roads in a couple of months.”
Elon Musk
EU considers SES to augment Starlink services
The EU considers funding SES to support Starlink. With MEO satellites already serving NATO, SES could be key in Europe’s space autonomy push.

European satellite company SES is negotiating with the European Union (EU) and other governments to complement SpaceX’s Starlink, as Europe seeks home-grown space-based communication solutions. The talks aim to bolster regional resilience amid growing concerns over reliance on foreign providers.
In March, the European Commission contacted SES and France’s Eutelsat to assess their potential role if American-based Starlink access for Ukraine was disrupted. The European Commission proposed funding EU-based satellite operators to support Kyiv. Ukraine is considering alternatives to Starlink over concerns about Elon Musk’s reliability.
Arthur De Liedekerke of Rasmussen Global warned, “Elon Musk is, in fact, the guardian of Ukraine’s connectivity on the battlefield. And that’s a strategic vulnerability.” However, SpaceX’s Starlink constellation is leagues ahead of any competition in the EU.
“Now the discussions are much more strategic in nature. They’re much more mid-term, long-term. And what we’re seeing is all of the European governments are serious about increasing their defense spending. There are alternatives, not to completely replace Starlink, that’s not possible, but to augment and complement Starlink,” SES CEO Adel Al-Saleh told Reuters.
SES operates about 70 satellites, including over 20 medium Earth orbit (MEO) units at 8,000 km. The company provides high-speed internet for government, military, and underserved areas. It plans to expand its MEO fleet to 100, enhancing secure communications for NATO and the Pentagon.
“The most significant demand (for us) is European nations investing in space, much more than what they did before,” Al-Saleh said.
Competition from Starlink, Amazon’s Kuiper, and China’s SpaceSail, with their extensive low-Earth orbit constellations, underscores Europe’s push for independence.
“It is not right to say they just want to avoid Starlink or the Chinese. They want to avoid being dependent on one or two providers. They want to have flexibility,” Al-Saleh noted.
SES’s discussions reflect Europe’s strategic shift toward diversified satellite networks, balancing reliance on Starlink with regional capabilities. As governments ramp up defense spending, SES aims to play a pivotal role in complementing global providers, ensuring robust connectivity for military and civilian needs across the continent.
Elon Musk
Elon Musk gets 96% negative media coverage, worse than Trump: report
The MRC’s findings were shared by FOX News in a recent report.

An analysis from the Media Research Center (MRC) has determined something very interesting. While United States President Donald Trump received a notable amount of negative media coverage in his first 100 days, Tesla CEO Elon Musk’s media coverage was even worse.
The MRC’s findings were shared by FOX News in a recent report.
MRC’s Trump Findings
As per the MRC, evening newscasts on ABC, NBC, and CBS have hit Trump with 92% negative media coverage as he approached his 100th day in office. For its analysis, the MRC analyzed ABC’s “World News Tonight,” “NBC Nightly News” and “CBS Evening News” from January 20 through April 9. The watchdog group found 899 stories about Trump, 92.2% of which were negative and 7.8% of which were positive.
Researcher Rich Noyes, in a comment to FOX, stated that Trump’s media coverage this term has been more negative compared to his first term in 2016 so far. During his first term, using the same methodology, the MRC found that Trump was hit with just 89% negative media coverage from the same networks. For context, former President Joe Biden received 59% positive news media coverage in his first 100 days, the MRC noted.
Musk Even Worse
While the negative media coverage about Donald Trump was already notable, it was still less negative than the media coverage received by Tesla and SpaceX CEO Elon Musk. As per the MRC, Elon Musk received a whopping 96% negative media coverage, which is quite notable considering that his links to the Trump administration are mostly through his work with the Department of Government Efficiency (DOGE).
So far, the only Trump ally that received worse coverage than Musk was Secretary of Defense Pete Hegseth, who received a unanimous 100% negative media coverage from ABC, NBC, and CBS evening newscasts. HHS Secretary Robert F. Kennedy Jr., for his part, received 89% negative media coverage.
Musk’s Step Back
Musk is no stranger to negative media coverage, and so are his companies like Tesla. That being said, Musk stated during the Tesla Q1 2025 earnings call that he would be stepping back from DOGE’s day-to-day operations. Starting May, he would be spending more time at Tesla once more.
“I think starting probably next month, May, my time allocation to DOGE will drop significantly… I think I’ll continue to spend a day or two per week on government matters for as long as the President would like me to do so and as long as it is useful. But starting next month, I’ll be allocating probably more of my time to Tesla,” Musk stated.
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