Tesla's Target Price Cut Again! Wall Street's Bearish Sentiment Intensifies!
TradingKey - Tesla's stock continues to struggle, with multiple Wall Street institutions lowering their target prices.
On Monday, Tesla's stock declined sharply, falling 5% intraday before trimming its losses 4.8%, closing at $238. Year-to-date, the stock has dropped 37%, significantly underperforming the S&P 500, which has declined by.
Tesla Stock Price Chart, Source: TradingView.
Tesla CEO Elon Musk's involvement in the Trump administration's Government Efficiency Department has sparked protests and boycotts against Tesla, intensifying investor concerns about the company’s future.
Additionally, the U.S. government's tariff war has also impacted Tesla. Last week, in a letter to the U.S. Trade Representative (USTR), the company warned that President Trump's trade war could makeTesla a target for retaliatory tariffs and increase the cost of manufacturing vehicles in the U.S.
Mizuho analysts believe that demand for the automaker remains weak amid ongoing tariff uncertainties. They now expect Tesla to deliver 1.8 million vehicles this year, down from the previous estimate of 2.3 million, and 2.3 million in 2026, down from the expected 2.9 million.Consequently, Mizuho lowered Tesla's target price from $515 to $430.
Previously, analysts at Wells Fargo and JPMorgan had already lowered Tesla's target price to $130 and $120, respectively, suggesting a potential downside of 43%-48% from current levels.
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