Tesla's stock price has dropped sharply, falling below predictions made by Commerce Secretary Howard Lutnick. This decline, as much as 9.2%, has occurred amidst a broader downturn in global markets. Both Elon Musk and various analysts express concern about the company's prospects as vehicle deliveries have not met expectations, resulting in several lowered sales projections. Factors such as trade policies and Musk's controversial public image are seen as contributing to ongoing struggles for the iconic electric vehicle manufacturer.
Tesla Inc.'s stock saw a steep drop below analyst predictions, falling 9.2% amid global equity selloffs, leading to concerns about its market strength.
Elon Musk urged Tesla employees to hold onto their shares, despite recent sharp declines, indicating his commitment to the company's long-term growth.
Wedbush analyst Daniel Ives cut his price target on Tesla by more than 40%, highlighting the impact of new trade policies and growing brand issues.
Concerns over Tesla's brand image and sales estimates have escalated, prompting analysts to reevaluate their projections amid disappointing vehicle delivery reports.
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