"Tesla could actually net meaningful sales gains over time," TD Cowen analysts wrote this week. Sales could ultimately grow in markets with lower EV adoption.

Tesla (TSLA) clearly still has one very enthusiastic supporter left on Wall Street. Emphasis on very enthusiastic. Shares of the Elon Musk-led EV maker fell nearly 2% to $231.71 on Thursday after Piper Sandler analyst Alexander Potter reiterated his Overweight rating.

A fresh set of headlines may have given investors fresh reasons to sell Tesla, among them competitive news out of China and some skeptical analysis from Wall Street.

Wedbush analyst Dan Ives sharpened his criticism of how Elon Musk is running Tesla Inc., saying the electric-vehicle giant’s chief executive needs to make two major moves to stop the stock’s free fall this year.

I loudly urge Musk and the Board to step up, stop being silent, and help resolve this crisis forming at Tesla,” wrote Wedbush analyst Dan Ives.

U.S. stocks are drifting higher Wednesday as Wall Street waits to hear what the Federal Reserve will say in the afternoon about where interest rates may be heading. The S&P 500 was up 0.3% in early trading.

Investors hoping for a surprise new revenue stream instead got an energetic keynote that was lacking in fresh developments.

Key Takeaways Nvidia CEO Jensen Huang’s highly anticipated GTC keynote failed to deliver a big boost to the company's stock, though analysts remain bullish on its potential for AI-driven growth. Several analysts pointed to Nvidia's rapid pace of innovation relative to peers and robust demand from cloud customers.