A Top Wall Street Analyst Just Slashed His Price Target for Tesla Stock by 43% -- and It Might Not Be Enough

Dan Ives is the global head of technology research at Wedbush Securities, and he is consistently one of the most bullish voices on Wall Street when it comes to America's most innovative companies. He had a $550 price target on Tesla (NASDAQ: TSLA) stock up until earlier this week, when he slashed it by 43% to just $315. Although Ives has previously said Tesla's full self-driving (FSD) platform could be a $1 trillion opportunity for the company, he's worried about the potential damage CEO Elon Musk might have inflicted on the brand due to his ongoing role in politics.It might be showing up in Tesla's numbers, because the company's electric vehicle (EV) sales plummeted in the first quarter of 2025. Tesla stock has declined by 49% from its recent all-time high, so the weak EV sales are starting to get priced in. However, the stock remains expensive, so here's why it's possible Ives didn't cut his price target enough.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool