Analyst Dan Ives lowered Tesla's price target by 43%, impacting the stock negatively.

From Nasdaq: 2025-04-07 10:41:00

Shares of Tesla (NASDAQ: TSLA) dropped nearly 6% today after analyst Dan Ives cut his price target by 43%. Concerns about a “brand crisis tornado” and Trump tariffs have impacted the stock, which is down 42% this year. Tesla’s future customer base is estimated to have decreased by 10%.

Tesla’s struggles in the EV market, combined with Trump’s tariffs, have led to a challenging outlook for the company. Despite the recent sell-off, Tesla still trades at a high valuation, making it an expensive investment in the current market. The company’s future success hinges on its self-driving and robotics divisions.

An opportunity to invest in potentially lucrative stocks may be on the horizon. Analysts are issuing “Double Down” alerts for three companies, similar to past recommendations for Nvidia, Apple, and Netflix, which have seen significant returns. This could be a chance to invest before these companies experience significant growth.



Read more at Nasdaq: Longtime Bull Dan Ives Just Slashed His Price Target on Tesla — Shares Are Falling