Tesla shares received a blow on Monday after President Trump refers to a “perfect storm ğı caused by President Trump’s automobile tariffs and Elon Musk’s worsening reputation after a leading analyst reduced the price target more than 40%.
The Wedbush Securities analyst Dan Ives maintained the “better performance” note of the stock, while the price target reduced its target from $ 550 to $ 315.
Stocks falling up to $ 216 on Monday morning decreased by more than 9%. They closed at $ 233.29 in the afternoon in the afternoon, fell 2.5% for the day.
US Trade Secretary Howard Lutnick called Fox News viewers to buy Tesla shares last month, and when their stocks closed on March 19 at $ 235.86, they declared that they would never be cheap again. The next day, Musk encouraged Tesla employees to “hang out” in their stocks at an All Bands meeting.
Stocks have dropped approximately 40% since the beginning of the year and decreased by 55% of a record record in December. The stock victory against Kamala Harris in the presidential elections of Trump’s November, because he believed that Musk’s relationship with the President of the President would increase Tesla’s value.
However, Musk’s controversial role under the direction of Trump has created a “brand crisis için for the electric vehicle company. Some Tesla owners condemned Musk, a White House Consultancy team, who once withdrawn to the environmental benefits of the vehicle, and called on the government efficiency department.
Trump and Musk opponents organized anti -Tesla protests and destroyed or destroyed Tesla vehicles and charging stations.
Ives, in an interview, said in an interview, the more muscles to Trump and Dogge, the more musk depends on the brand damage, ”he said. “Tesla has become a world -wide political symbol, and that’s not a good thing.”
Tesla, who is located in Austin, Texas, but has an important production facility in California, Fremont, lost about 10% of the future customer base due to brand problems “self -harm by Musk”. IVS said that the company’s reputation is under fire in China, where consumers react to Trump’s tariff policies.
A Tesla representative could not be reached immediately for a comment.
Trump’s automobile tariffs will increase the supply chains and increase the price of vehicles and parts that can damage Tesla’s sales further. Tesla, such as Ford and Stellantis, is less exposed to other US car manufacturers such as Ford and Stellantis, while the company is still supplying a few parts and batteries from outside the country, he said.
Tesla delivered 336,681 vehicles in the first quarter, Company Announced This month is far below 400,000 original industry estimates.
IVS, the company’s autonomous driving technology plans and a robotaxi service is optimistic, he said.
Trump has also received a major blow since technology stocks have also underlined new tariffs, which underlined the discomfort among investors. Last week analysts, Apple’s iPhone price depending on the model may cost $ 2,500, he said. Since April 2, when Trump announced the new tariffs, Apple’s stock price has fallen roughly 19 %.
Tariffs can also make it more expensive to create data centers and to impress companies that make money from advertisers in China, such as commodity.
Stock prices shaken up and down the rumors that Trump could pause tariffs for 90 days, but White House He rejected the claim in social media.
On Monday, Apple’s shares fell 3.6%and closed at $ 181.46. Other technology companies, including Google parent company Alphabet, Nvidia and Amazon, have seen a slightly increased stock prices. Meta, which broadcasts the latest artificial intelligence model at the weekend, closed 2.3% at $ 516.25.
