An analyst who is one of the biggest boosters of Tesla on Wall Street says Elon Musk is facing a "moment of truth" at his EV company because of a "crisis"

Tesla shares edged modesty higher in early Friday trading, having shed more than $740 billion in value since December, as Elon Musk took a break from his duties as White House job-cutter-in-chief to reassure his own employees that their future is far brighter.

Wedbush’s Dan Ives says CEO Elon Musk faces a “moment of truth,” and there two major things he has to do to fix the “crisis’ at the EV giant.