1 Wall Street Analyst Just Slashed Tesla's Price Target by More Than 40%. Is It Time to Sell the Stock?

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. That's led one analyst to sharply cut his price target on the electric vehicle (EV) leader's stock.Wedbush analyst Dan Ives slashed his price target on Tesla stock from $550 to $315 per share. Should investors sell as analysts like Ives grow more bearish on Tesla stock, or should they jump in given the upside that still exists in that new price target?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool