Top Wall Street analyst reduces Tesla price target by 43% due to concerns over CEO involvement
From Nasdaq: 2025-04-10 04:19:00
- Dan Ives, a tech research head at Wedbush Securities, slashed Tesla’s stock price target from $550 to $315 due to concerns about CEO Elon Musk’s political role.
- Tesla’s EV sales dropped by 49% in Q1 2025, with concerns rising over the company’s ability to retain customers amidst growing competition in the electric vehicle market.
- Musk’s political endeavors have led to protests and potential consumer backlash against Tesla, while import tariffs may further impact the company’s competitiveness.
- Tesla’s future growth hinges on autonomous vehicles like the Cybercab, with analysts predicting a $1 trillion opportunity in the long term.
- Despite the potential in FSD technology, Tesla’s stock faces downside risks due to declining EV sales and high P/E ratio, making it a risky investment at its current valuation.
- An opportunity for investors to consider "Double Down" stock recommendations for potential high returns in companies like Nvidia, Apple, and Netflix, with alerts for new opportunities available now.
Read more at Nasdaq: A Top Wall Street Analyst Just Slashed His Price Target for Tesla Stock by 43% — and It Might Not Be Enough