Tesla\u2019s share price has plummeted again as one of it\u2019s most bullish Wall Street analysts has slashed his price target for the company\u2019s stock.<\/p>\n
Since placing himself front and centre of Donald Trump\u2019s presidential campaign and subsequent president, Elon Musk<\/a> has witnessed the share price in his electric vehicle company drop through the floor. <\/p>\n This has largely been through his own actions, such as performing a questionable salute on Inauguration Day and sparking Tesla boycotts across America and Europe. <\/p>\n This anti-Musk protest from consumers, combined with Trump\u2019s tariff announcements decimating the global stock market<\/a>, have led Tesla\u2019s share price to slump once again.<\/p>\n In the two days after Trump\u2019s tariffs were confirmed, Tesla shares plunged 15%. Now, one of the company\u2019s most bullish Wall Street investors has slashed his price target for the stock by 43%, specifically calling out Musk and Trump for the company\u2019s poor performance. <\/p>\n Morgan Stanley says investors should be prepared for the S&P 500 to drop a further 7% to 8%<\/p>\n Tesla down another 10% in early trading today. Its shares have fallen 50% from a record high in mid-December<\/p>\n \u2014 Alex Wickham (@alexwickham) April 7, 2025<\/a><\/p><\/blockquote>\n Tesla shares have fallen below the price that U.S. Secretary of Commerce Howard Lutnick previously claimed was \u201cimpossible\u201d to go below \u2014 Bloomberg reports. pic.twitter.com\/rdG2WspIzS<\/a><\/p>\n \u2014 NEXTA (@nexta_tv) April 7, 2025<\/a><\/p><\/blockquote>\n Daniel Ives, a Wedbush Securities analyst who\u2019s rated the Tesla\u2019s shares a buy for the last four years, has cut his his Tesla share-price target to $315 from $550. <\/p>\n In a report to clients on Sunday, Ives said the company had \u201cessentially become a political symbol globally,\u201d Bloomberg<\/a> reports.<\/p>\n Tesla shares are down to $239 today. At their peak late last year Tesla shares were $479. So they’ve officially halved in value in less than six months. \ud83d\udc40\u2620\ufe0f pic.twitter.com\/ErKwhZy4mQ<\/a><\/p>\n \u2014 Declan Martin (@declanmartin75) April 7, 2025<\/a><\/p><\/blockquote>\n He continued: \u201cIt is time for Musk to step up, read the room, and be a leader in this time of uncertainty.\u201d<\/p>\n The analyst said the biggest concern for Tesla at the moment though was a trade war with China following Trump\u2019s tariffs on the country. <\/p>\n Tesla generated more than a fifth of its revenue from China last year, but Trump has introduced a 34% tariff on all imports from China into the US. <\/p>\n In response, Beijing has said it plans to impose its own 34% tariff on all imports from the US starting April 10.<\/p>\n Ives said in his note that this would drive Chinese consumers to domestic manufacturers such as BYD. <\/p>\n \u201cWe now estimate Tesla has lost\/destroyed at least 10% of its future customer base globally based on self-created brand issues, and this could be a conservative estimate,\u201d he added.<\/p>\n After reaching a record high in December, Tesla\u2019s stock has fallen by 50%, and last week the company reported its biggest drop in sales ever<\/a>. <\/p>\n\n
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