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Elon Musk Must Step Down From Twitter Before Tesla Reports Earnings, Dan Ives Says

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With Tesla's  (TSLA) - Get Free Report fourth quarter earnings slated for later this month, investors are growing increasingly concerned with Musk's recent behavior and apparent absence from the company. The billionaire CEO has been occupied with managing his other venture, Twitter, ever since making the purchase in October of last year. 

Dan Ives, Managing Director and Senior Equity Research Analyst at Wedbush Securities says Musk needs to step down from his post at Twitter ahead of Tesla earnings as the company contends with a slew of macroeconomic headwinds. "If this continues into February, March, then you start to get boy that cry wolf, Pinocchio. Okay, we're just going to sit here and he's going to linger on. Clock struck midnight. Investors are frustrated...Because they have fundamental issues that they're dealing with," Ives said. 

Full Video Transcript Below:

J.D. DURKIN: How soon should Elon Musk vacate his position at Twitter  (TWTR) - Get Free Report

DAN IVES: I think he has to do before earnings. Jan 25th.

J.D. DURKIN: You think this in the next few weeks?

DAN IVES: Yeah if this continues into February, March, then you start to get boy that cry wolf, Pinocchio. Okay, we're just going to sit here and he's going to linger on. Clock struck midnight. (Tesla) Investors are frustrated. We're obviously frustrated, we've talked about it. Because they have fundamental issues that they're dealing with. You see them sort of coming off some of the growth, hyper growth we've seen. They need Musk in the pilot seat navigating the storm, not a striker situation.

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