Tesla (NASDAQ: TSLA) CEO Elon Musk may have a seat at the table in the Trump administration, but his company’s stock hasn’t been immune to the market carnage initiated by the administration’s trade policies. Tesla shares are down more than 40% year to date, including a double-digit drop since President Trump announced his global tariff plans on April 2. Wedbush analyst Dan Ives slashed his price target on Tesla stock from $550 to $315 per share.
