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Tesla Stock Value Lies in Autonomous Driving, Not Car Sales: Dan Ives

Tesla’s price target was slashed to $370 from $440 at Baird, with the investment firm citing weak intra-quarter sales data from the electric-vehicle maker’s key regions — Europe, US and China. Tesla registrations plummeted in Germany last month as Chief Executive Officer Elon Musk irked voters taking part in the country’s closely contested federal election. Sales plunged 76% to 1,429 cars, according to the German Federal Motor Transport Authority. Tesla’s showing was in stark contrast with overall electric vehicle registrations, which jumped 31% in February. Dan Ives, global head of technology research at Wedbush Securities, discusses Tesla's key-man risk related to Musk amid the executive's work leading President Donald Trump's Department of Government Efficiency. Dan speaks with Tom Keene and Paul Sweeney on Bloomberg Radio. Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X:   / bloombergradio   Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts:    / bloombergpodcasts   Bloomberg Television:    / @markets   Bloomberg Originals:    / bloomberg   Quicktake:    / @bloombergquicktake