In a note Sunday, Wedbush analyst Dan Ives described the electric-car maker’s predicament as a “code-red situation” ….With a code red situation at Tesla, Musk & Co. are expanding into insurance, robotaxis, and other sci-fi projects/endeavors when the company instead should be laser-focused on shoring up core demand for Model 3 and simplifying its business model and expense structure,” Ives wrote.
