Tesla remains strong despite tariff pressures, with Wedbush reaffirming "Outperform" rating.

From Yahoo Finance: 2025-04-09 14:41:00

President Trump imposed a 10% tariff on all countries, escalating to higher rates. China retaliated with a 34% tax on US goods. Wedbush predicts an “economic Armageddon” due to tariffs, potentially worse than past market crashes. Bernstein notes the impact on US chip exports to China, affecting tech sector growth and profits.

Tesla (TSLA) stands strong despite tariffs, with Wedbush reiterating an “Outperform” rating. Tesla’s exposure to tariffs is lower than other automakers, but it still sources parts from China. TSLA ranks 7th in AI stocks. However, other AI stocks may offer higher returns within a shorter timeframe.

Investment firms criticize tariffs, fearing tech sector collapse. China’s response to US tariffs will impact chip imports. Hedge funds hold onto TSLA, but other AI stocks show greater promise. For potential high returns, consider exploring other AI stocks trading at attractive valuations.



Read more at Yahoo Finance: Tesla (TSLA) Holds Strong Despite Tariff Pressures as Wedbush Reiterates “Outperform”