Tesla shares moved higher in early Thursday trading, but remained mired in a weeks-long slump, as a top Wall Street analysts suggests the recent bearish moves belie what is still a compelling near-term story for the world's biggest EV maker.

Brian Mulberry, client portfolio manager at Zacks Investment Management, said that with Tesla CEO Elon Musk now "live-tweeting his current responsibilities inside the government," it's hard to avoid that "key man risk" that comes with Musk being so closely tied to the EV maker's brand.

Tesla stock snapped a painful five-day losing streak on Wednesday. Giving investors a chance to think about rewards instead of just the risks. Shares of the electric-vehicle maker were up again in early trading Wednesday.