The Latest Breaking News from Dan Ives

After Tesla Inc.'s shares closed their worst year ever, they continued to fall Thursday — a clear signal of investor concerns swirling around the leading electric-vehicle maker even as competitors like General Motors Co. and Ford Motor Co. look to steal some of its business in 2023.

An "uncertain environment and demand headwinds are starting to creep in to the Cupertino growth story," said Wedbush analyst Dan Ives.

"It does seem like we're headed into a recession here in 2023," Musk said on the "All-In Podcast" last week.

Owning Tesla stock this year has been anything but a smooth ride for investors

"Elon Musk is viewed as 'asleep at the wheel' from a leadership perspective for Tesla at the time investors need a CEO to navigate this Category 5 storm," said Wedbush analyst Dan Ives.

“Musk is viewed as ‘asleep at the wheel’ from a leadership perspective for Tesla,” market analyst Dan Ives says

Tesla stock eased again Friday after shedding nearly 9% Thursday. Elon Musk said he won't sell more Tesla stock for two years.

“They’re just a car company that has built too much capacity that they can’t sell," GLJ Research head Gordon Johnson said of Tesla this week.

Tesla's stock market rout created frustration that turned into revolt with investors.