Tesla Inc. shares spanned. The losses on Monday, as it fell less than the price at which the Minister of Trade, Howard Lottenic, expected it would not fall again.
The shares decreased up to 9.2 % to 217.41 dollars as of 9:41 am in New York, amid wider sale in global stock markets. Lootnick He said During an interview with Fox News on March 19 – when Tesla closed at $ 235.86 – viewers must buy stocks, saying, “This will not be cheap again.” CEO Elon Musk told Tesla staff the next day that they should Wait for Their shares.
The last decline comes after one of the largest Bulls in Tesla – Daniel Evz, a Wedbush Securities analyst, has reduced the target price on shares by more than 40 %, citing Trump’s commercial policies andThe brand crisisCreated by musk.
Tesla shares decreased by 55 % of the record reached in mid -December. The stock rose after Trump’s victory in the elections, which many expected to be a blessing of the company, given the proximity of Musk to the then -elected president. Instead, the participation of musk in political differences in the United States and abroad has repelled some car buyers and stimulated protests against the company.
Last week, I informed Tesla in the first quarterHandering vehiclesThis has failed to meet the expectations that have been dramatically reduced, as it decreased to the lowest level since 2022. Ryan Bernckman of Jpmorgan Chase & Co. One of the most analysts in Wall Street in stocks – he may have reduced the degree of consumer reaction and “”Unprecedented damage to the brand“
Many analysts have reduced their estimates of Tesla sales and profits in recent weeks, even before the company has reached weak numbers in the delivery of vehicles. While Tesla is seen as relatively isolated from the 25 % definitions that Trump announced on imported cars, Musk warned that the company would not be easy.
“The definitions in their current form, Tesla, the total supply chain, and its global shock, which was a clear advantage over the years, will be disrupted, such as the BYD,” Evz at Widbush said in a note to clients on Sunday.
The biggest anxiety, according to Evis, is Tesla’s position in China.
“It will be difficult to reduce a violent reaction from Trump’s tariff policies in China and the Musk Association, and this will increase Chinese consumers to buy local such as BTD, NIO, Xpeng and others,” Evis wrote.
This story was originally shown on Fortune.com
