Longtime Tesla bull slashes price target by 43% as Trump tariffs, brand crisis create ‘perfect storm'

A longtime Tesla bull has slashed his price target for the stock by 43% — arguing that President Trump’s trade war and Elon Musk’s controversial ties with the president have created a “perfect storm” for the company.Wedbush analyst Dan Ives said he expects Tesla shares to hit $315 over the next 12 months, down from his earlier projection of$550. Tesla shares opened about 6% lower at roughly $239.43 per share on Monday alongside broad market volatility related to Trump’s tariffs.“We have been one of the big ...