Wedbush analyst Dan Ives said Elon Musk must turn his attention away from his federal government cost-cutting efforts and refocus on the electric vehicle maker.

Wedbush Securities analyst Dan Ives said Elon Musk should step back from his controversial work at the Department of Government Efficiency and re-focus his attention on Tesla Inc., adding the electric-vehicle maker faces a “code red” moment as it prepares to report first-quarter earnings Tuesday.