Wedbush analyst Dan Ives, a longtime Tesla bull, said on Monday that Musk faces a "code red situation" if he doesn't start to distance himself from Trump and DOGE. In a recent research note, Ives wrote that Tesla could face "potentially 15%-20% permanent demand destruction ... due to the brand damage Musk has created with DOGE."

As a result, humanoid robots are at last beginning to leave the lab and enter the workplace. On April 22nd Elon Musk reasserted during an earnings call that he expects “thousands” of Tesla’s Optimus robots to be working in its electric-car factories by the end of the year.

You can catch Opening Bid on Apple Podcasts, Spotify, YouTube, or wherever you get your podcasts. Elon Musk wasted no time on Tesla’s (TSLA) earnings call late Tuesday acknowledging the EV maker’s biggest roadblock to sunnier financial days.