Tesla stock faces uncertain sales and impact from new tariffs, with concerns raised by analysts

From Yahoo Finance: 2025-03-29 12:13:00

Tesla stock closed in the red after a volatile week, facing uncertain sales in the U.S. and Europe. Trump’s new tariffs on the automotive industry raise concerns for Tesla’s growth. Even bullish analysts like Dan Ives are less enthusiastic, citing tariffs as problematic for Tesla. Musk also expresses worry about tariffs impacting Tesla.

Despite concerns, some believe Tesla will be less impacted by tariffs since it builds every EV in the U.S. Other automakers, like Ford, may face more challenges due to imports. While Tesla may survive better than rivals, raising prices could still affect it. Analysts maintain bullish price targets despite apprehensions.

Marcus Sturdivant Sr. agrees with Ives that there will be no winners in the trade war, predicting Tesla could see a dip before rebounding. Tesla’s letter to Trump shows concern about tariffs, indicating a negative long-term impact. The company does not see the tariffs as beneficial overall.

Read more: Major Tesla stock bull sounds alarm on major problem facing Elon Musk