Tesla Bull Slashes Stock Price Target 43%, Citing Musk and Trump

One of Wall Street’s most bullish Tesla Inc. analysts slashed his price target for the stock by 43%, citing a brand crisis created by Chief Executive Officer Elon Musk and US President Donald Trump’s trade policies.

“Tesla has essentially become a political symbol globally,” Daniel Ives, a Wedbush Securities analyst who’s rated the carmaker’s shares a buy for the last four years, wrote in a report to clients Sunday. “It is time for Musk to step up, read the room, and be a leader in this time of uncertainty.”