Wedbush Securities’ Dan Ives, one of Wall Street’s most vocal tech bulls, lowered his 12-month price target for Tesla’s stock to $315 from $550. Tesla shares are down 41% this year, closing at $239.43 on Friday. Ives said in a Sunday note that Trump’s tariffs are a “double-whammy” for Tesla, which sources much of its parts and batteries from abroad.
