Well-Known Analyst Slashes His Price Target on Tesla (TSLA) Stock

Larry Ramer

Mon, Apr 7, 2025, 6:27 AM 2 min read

Dan Ives, a renowned expert astatine concern slope Wedbush Securities, chopped his terms people connected Tesla (TSLA) contiguous to $315 from $550, Schwab Network reported. However, Ives did support an Outperform standing connected the name.

Why Ives Sharply Lowered His Price Target

President Donald Trump's tariffs, which Ives called "economic...Armageddon," volition make "a treble whammy" for TSLA, the expert warned. In summation to lowering Tesla's profits successful America, the duties volition make large problems for the automaker successful China, helium believes.

In fact, Ives is much acrophobic astir the interaction of the duties connected the company's concern successful China, arsenic the Asian state "is the linchpin to the aboriginal occurrence of Tesla," helium wrote.

"The backlash from Trump tariff policies successful China and Musk's relation volition beryllium hard to understate," Ives contended.

Further, Ives believes that the firm's "self-created marque issues" person caused it to shed "at slightest 10% of its aboriginal lawsuit basal globally," Schwab reported. Ives added that "this could beryllium a blimpish estimate."

The Recent Price Action of TSLA Stock

In the past month, the shares person gained 8%, but they person tumbled 42% successful the past 3 months.

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