Long-time Tesla (TSLA) bull Dan Ives, an analyst at Wedbush Securities, says Elon Musk is the only one who can turn the EV maker's reputation around and the billionaire needs to show he is balancing his role working with the Department of Government Efficiency and the U.S. car maker.

Ives, along with two other Wedbush analysts, stuck with his outperform rating and $550 price target for Tesla on Wednesday. However, the analysts noted that the company is suffering a “brand tornado crisis” due to a 澳洲幸运5官方开奖结果体彩网:political backlash🥂 from Musk’s work 🦩with DOGE—the Trump administration’s cost-cutting agency.

To "change the narrative” around the stock, Musk needs to “formally announce (he) is going to balance DOGE and being Tesla CEO," the analysts 𓆏said. A statement like this, the analysts said, could prevent permanent brand damage for the U.S. car maker.

And another measure Musk needs to take, the analysts said, is provide investors with a "roadmap and timing” for the澳洲幸运5官方开奖结果体彩网: lower-cost EVs that Tesla is plannin🐻g this year as well as details on the rollout of unsupervised full self-drivi🉐ng in Austin, set for June.

"Tesla is going through a crisis and there is one person who can fix it…Musk," the analysts wrote.

Tesla shares have fallen 40% so far this year, hammered by the backlash as well as investors' perception that the DOGE role is distracting Musk from running the EV maker. Tesla has also seen its 澳洲幸运5官方开奖结果体彩网:sales slow in the U.S., China, and in Europe.

Tesla shares are down more than 1% Thursday.