As Musk calls for his erstwhile ally to be stripped of his office and replaced, Wedbush's Tesla perma-bull fears for the worst but hopes for the best.

Dan Ives, Global Head of Tech at Wedbush, defends Tesla’s long-term value despite Musk-Trump tensions. Sarah Kunst of Cleo Capital warns regulatory risks could hurt Tesla, SpaceX, and investor faith.

A feud between President Donald Trump and Tesla CEO Elon Musk hammered shares of the electric carmaker on Thursday, before a lull in the acrimony on Friday prompted a recovery of some losses. Still, as of midday Friday, shares had dropped nearly 10%, wiping out tens of billions of dollars in company value.