Tesla's stock price target slashed by 40% due to concerns over Musk and market conditions.

From Nasdaq: 2025-04-09 18:20:00

Tesla CEO Elon Musk’s political ties to the Trump administration haven’t shielded the company’s stock from a 40% year-to-date drop. Analysts are cutting price targets, with Wedbush lowering theirs to $315 per share. Concerns over a Musk-led brand crisis, Trump tariffs, and high valuation are impacting Tesla’s outlook.

Wedbush analyst Dan Ives believes Musk’s involvement in politics has led to a 10% loss in Tesla’s future customer base. Despite current challenges, there is potential beyond EVs for Tesla. Investors must weigh confidence in Tesla’s future against market volatility when deciding whether to hold or sell.

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Investor Howard Smith holds positions in Tesla, with The Motley Fool also endorsing the company. The views expressed are the author’s own and do not necessarily reflect those of Nasdaq, Inc.



Read more at Nasdaq: 1 Wall Street Analyst Just Slashed Tesla’s Price Target by More Than 40%. Is It Time to Sell the Stock?