Commenting on the Wall Street Journal’s report saying the Tesla (TSLA) Board of Directors began to look for a new CEO to replace Elon Musk in March as tensions were reaching a boiling point over him joining the Trump Administration as brand damage was getting to the point of no return, Wedbush says the firm believes Musk will remain CEO for at least five years at Tesla and that it would be surprised if the Board was still heading down this search path as of today. Wedbush continues to think Musk’s days at the White House are now ending after this “warning shot” from the Tesla Board. The firm has an Outperform rating on the shares with a price target of $350.
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