Tesla can turn around its 'trainwreck' quarter if Elon Musk stops his distractions and takes back control, Wedbush's Dan Ives says

• Elon Musk could turn around Tesla's 'trainwreck into a brick wall," Wedbush's Dan Ives said.
• The longtime Tesla bull still sees upside for the carmaker, despite a "massively soft" first-quarter.
• But better days ahead will hinge on Musk reining in his distractions and retaking control, Ives said.

Tesla may be able to turn things around after seeing a "nightmare" first quarter, according to Wedbush's Dan Ives.