Analyst says Apple, Tesla have biggest exposure to Trump's tariffs

Group 1: Apple - Wedbush Securities analyst Dan Ives has reduced the price target for Apple stock from $325 to $250 per share due to the impact of President Trump's tariffs, which Ives describes as an "economic Armageddon" for the company [1] - Apple is significantly affected by these tariffs, with 90% of its iPhones produced and assembled in China, leading to a 4.3% decline in its share price, trading at $180 [1] Group 2: Tesla - Ives has also cut Tesla's price target from $550 to $315, which remains above the current share price of $233.94 [2] - The price cut for Tesla is attributed not only to tariffs but also to CEO Elon Musk's political affiliations, which have created a brand crisis and negatively impacted sales in the U.S. and Europe, while pushing Chinese consumers towards domestic brands like BYD [3] - Tesla is perceived as a political symbol globally, and Ives urges Musk to take a leadership role during this uncertain time [4] - Tesla shares experienced a nearly 10% drop compared to the previous closing price but have shown some recovery as of Monday afternoon [4]