Dan Ives' Wedbush Securities cut its 12-month price target for Tesla by 43%. The firm cites Elon Musk's activity in Washington and China's backlash to tariffs for the cut.
Wedbush's Dan Ives slashed his Tesla price target by 43%, citing Trump tariffs and Elon Musk brand woes. He also cut his Apple PT.
Wall Street analysts are becoming increasingly bearish on Tesla (TSLA -10.39%). Following the car maker's first-quarter deliveries announcement, Wedbush analyst Daniel Ives called the report a "disaster" and said CEO Elon Musk needs to "get his act together.
Marketing experts say Elon Musk has alienated the eco-conscious customer base who would buy Teslas. Musk, as Tesla's face, has made its vehicles a "negative luxury," a brand expert told BI.
Teslas that have been sold or traded in during the backlash against the company's chief executive have become bargains on lots.
Tesla (TSLA -10.39%) stock ended 2024 with a gain of 63%, partly because of President Donald Trump's November U.S. election win. Investors speculated that a looser regulatory environment -- and CEO Elon Musk's closeness with Trump and his inner circle -- could pave the way for Tesla to bring its autonomous driving and humanoid robotics platforms to market more quickly.
The "Magnificent Seven" stocks currently trade at their cheapest valuation premium versus the remaining 493 companies in the S&P 500 (SNPINDEX: ^GSPC) since 2017, according to Goldman Sachs. But none have fallen more sharply than Tesla (TSLA -10.39%).
CNBC took multiple rides with Tesla owners using Full Self-Driving (Supervised), experiencing its strengths, weaknesses and ongoing evolution.
Cybertruck owner Jason Bedell speaks out about his story and urges lawmakers to take Tesla vandalism 'seriously' and ‘put a stop' to the attacks on ‘Maria Bartiromo's Wall Street.' #foxbusiness
Tesla, Inc. shares have faced significant selling pressure since peaking in December 2024, resulting in a -45% pullback. Near-term headwinds include a -16% decline in vehicle production and -13% in deliveries for eq1'25, impacting net revenue forecasts. Tesla also faces certain political risks that may pressure vehicle deliveries. Long-term growth potential is driven by the upcoming robotaxi program in Austin, Texas, and the Optimus humanoid robot's development and commercialization.
Lucid Group capitalized on Tesla's mistakes, presenting its stock as a promising investment.
Tesla's vice president of software engineering, David Lau, has told people at the company he is stepping down, Bloomberg News reported on Friday, citing people familiar with the matter.