Tesla stock continues its downward trend following President Trump’s election victory. While tech stocks face challenges due to economic uncertainty, Tesla’s decline exceeds that of its peers, falling over 33% in the past month. Questions arise regarding Elon Musk’s leadership and whether he will refocus on Tesla. Dan Ives of Wedbush Securities, known for his bullish stance on Tesla, recently shifted his tone, adding Tesla to the Wedbush Best Ideas List before releasing a more critical report. Ives highlights Musk’s absence from Tesla facilities and his focus on the Department of Government Efficiency (DOGE), which may concern investors. Protests and violence against Tesla dealerships have increased in the U.S. and Europe. Despite maintaining a bullish outlook, Ives stresses the importance of Musk returning his focus to Tesla to prevent brand damage. The report notes that while near-term fundamentals are weak, Tesla’s medium and long-term innovation cycle remains promising. — news from TheStreet