Tesla bull Daniel Ives of Wedbush cut his price target by 43%, according to Bloomberg. Ives cited Elon Musk’s polarizing image and Trump’s trade war with China. Ives said Tesla has become a global political symbol and urged Elon Musk to show leadership during a time of uncertainty. He lowered his target from $550 to nearly $300. Ives estimates Tesla has lost at least 10% of its future global customer base due to brand damage. Shares have dropped 50% since their December peak.
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2025