Dan Ives Called Tesla's Latest Earnings a "Train Wreck": Here's His List of Recommendations to Turn the Company Around
Last week, electric vehicle (EV) manufacturer (NASDAQ: TSLA) delivered its fourth-quarter and full-year results. From deteriorating margins and shrinking cash flow due to a mix of price cuts and demand issues, to a not-so-confident outlook on the company's artificial intelligence (AI) projects, it wasn't Tesla's best moment.
Ultimately, many investors criticized CEO Elon Musk for the uninspiring report. And one prominent analyst on Wall Street did not hold back or mince his words.
Dan Ives of Wedbush Securities used the term "train wreck" to describe the conference call. He doubled down on this stance by releasing a list of 10 action items that he suggested Musk and his team could undertake in order to win back investor confidence.
Source Fool.com
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