Reported about 23 hours ago
A leading Tesla analyst, Daniel Ives, has reduced his price target for Tesla's stock by 43% due to concerns over the brand's crisis linked to CEO Elon Musk and the trade policies of US President Donald Trump. Ives now estimates Tesla's price target at $315, down from $550, pointing to a potential backlash in China where the company generates significant revenue. The stock has already faced a 50% drop from its peak as it navigates these challenges.
Source: YAHOO