From Nasdaq: 2025-06-11 04:40:00

Tesla stock (NASDAQ: TSLA) has dropped 22% year to date, with analysts predicting further declines. The average target price is $289 per share, 8% lower than the current price of $316. The recent fallout between CEO Elon Musk and President Trump has added to the pessimism surrounding the company.

Tesla has been losing market share, citing weak demand and production limitations. In Q1, Tesla lost market share in the U.S., Europe, and China. Despite resolving production issues, demand has not rebounded as expected, leading to continued struggles in April.

Elon Musk’s support for President Trump backfired, damaging the Tesla brand and upsetting shareholders. Analysts downgraded Tesla stock, citing weakening demand and market share losses. Earnings forecasts have been revised lower, with a 20% decline expected this year due to tariffs and Musk’s political involvement.

Despite challenges, Musk believes in Tesla’s potential, focusing on autonomous driving and humanoid robots. Investors who share his vision may see a long-term opportunity, as the company navigates through its current difficulties.

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Read more at Nasdaq: Tesla Stock Investors Got a Double Dose of Bad News After the Feud Between President Trump and Elon Musk