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Stockreport

Wedbush's Dan Ives Cuts Tesla Price Target, Says Brand Has Morphed Into A "Political Symbol Globally" [zero hedge]

Tesla, Inc. (TSLA)  More Company Research Source: zero hedge
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Wedbush's Dan Ives Cuts Tesla Price Target, Says Brand Has Morphed Into A "Political Symbol Globally" US equity futures plunged early on Monday, with the S&P 500 teetering on the edge of a bear market. The sell-off comes in the wake of President Trump's "Liberation Day" tariff blitz, which aimed to reshape global trade in accordance with his 'America First' doctrine. Market tremors are already rippling through individual names —Tesla tumbled another 5% in premarket trading in New York, compounding Friday's brutal 10.5% decline. On Sunday, Wedbush Securities analyst Daniel Ives (uber bull) told clients that he slashed his Tesla price target by 43%, citing a brand crisis sparked by CEO Elon Musk's involvement with DOGE as the Democratic Party melts down over fraud, waste, and abuse being cut out of the bloated federal government. "Tesla has essentially become a political symbol globally," Ives said, whose analyst rating on the stock remains "Buy" rated with a $315 target, down from $550 [Read more]
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