A ‘Different Musk’ Is Driving Tesla, Says Top Analyst About the EV Giant

Tesla (TSLA) CEO Elon Musk is no stranger to the spotlight, but this time analysts are paying closer attention to the content and tone of his recent statements, not just the media buzz around them. According to Wedbush analyst Dan Ives, a longtime Tesla bull, Musk now appears to be a “different Musk,” one who is more focused on Tesla’s long-term goals.

Ives, a Top analyst, who had previously criticized Musk for getting distracted by politics and government matters, now sees Musk’s recent interviews as a reset in his leadership style. He’s got the ‘Tesla’ jacket on, he’s back at the ‘Gigafactory’—it’s more than optics, Ives told CNBC. Ives believes Musk is back in the driver’s seat, steering Tesla toward its next big chapter.

A Clearer Direction for Tesla’s Future

At the Qatar Economic Forum, Musk confirmed he plans to remain Tesla’s CEO for at least five more years. He also pledged to reduce his political spending significantly. “I’m going to do a lot less in the future,” Musk said. “I think I’ve done enough.”

Also, in a CNBC interview, Musk announced that Tesla is on track to launch its fully autonomous robotaxi service in Austin by June. He explained that while the plan is ambitious, the company will grow carefully. The robotaxis will first run only in certain “safe” zones using geo-fencing technology to set clear boundaries.

Looking ahead, Musk expects robotaxis to become common within five years. This update goes beyond a new product, signaling a renewed focus for Tesla. Analysts like Ives, who previously questioned Musk’s focus, now see the CEO as poised to rebuild trust and momentum.

This change is important because, as Ives often points out, 90% of Tesla’s value comes from autonomy and AI.

Wall Street Wants Leadership Clarity

For investors, the robotaxi launch and software progress are only part of the picture. The bigger issue is having a leader fully committed to growing the company. The return of a more dedicated Musk may be the key catalyst for Tesla’s stock over the next 12 to 18 months.

At the same time, Morgan Stanley analyst Adam Jonas said Tesla is moving beyond just making cars to betting big on self-driving technology. This shift comes as Chinese EV makers like Xiaomi speed up their efforts and increase the competition. With sleek designs and lower prices, these companies are gaining ground quickly in the global market.

As the competition intensifies, the firm warned that market expectations for Tesla’s near-term auto business may be too high. Jonas sees Tesla’s move toward autonomy as part of a bigger plan that goes beyond just making cars.

What Is the Prediction for Tesla Stock?

Turning to Wall Street, analysts have a Hold consensus rating on TSLA stock based on 16 Buys, 10 Holds, and 11 Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average TSLA price target of $277.78 per share implies 19.21% downside risk.

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