Tesla stock drops below predicted level due to market crash and concerns over declining sales.

From Yahoo Finance: 2025-04-07 18:55:00

Tesla stock has plunged amid the worst market crash since the pandemic, dropping below predicted lows by Commerce Secretary Howard Lutnick. Shares are down 52% from December’s all-time high, trading around $214. Investor concerns include declining sales, weak earnings, and Elon Musk’s political involvement.

Forecasters are lowering expectations for Tesla, with Wedbush analyst Dan Ives slashing the price target by 43% to $315 per share. Ives cited challenges in China and brand damage from Musk’s politics. The situation is seen as unsustainable, with Tesla’s brand suffering as a political symbol. Musk faces one of his biggest challenges yet.

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