Tesla's stock suffered a significant decline in Q1 2025, falling by 41.50% before bouncing back by over 57% in Q2. Despite historically benefiting from Elon Musk's vision, current market conditions have led to disappointing earnings. Goldman Sachs has lowered its price target for the company, indicating potential headwinds due to tariff impacts and soft consumer demand. Investors are cautiously optimistic with a recent pause on tariffs between the U.S. and China, hoping this will aid in stock recovery as Musk redirects focus towards Tesla.
Tesla has suffered incredible losses that have shocked shareholders who had grown accustomed to the stock's rapid appreciation over the past decade.
Goldman Sachs lowered its price target for Tesla to $260 from $275, noting that it will be difficult for the auto industry to fully pass on tariff costs.
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