Overview

• Wedbush Securities reduced Tesla's 12-month price target from $550 to $315, citing brand damage and trade tariff challenges.
• Tesla's Q1 2025 vehicle deliveries fell 13% year-over-year, raising concerns about weakening global demand.
• China's retaliatory tariffs and backlash against Elon Musk's political associations are driving consumers toward domestic EV brands like BYD and Nio.
• Wedbush estimates Tesla has lost at least 10% of its future global customer base, with higher losses of up to 20% in Europe due to brand erosion.
• Tesla's stock has dropped over 50% from its December 2024 peak, reflecting investor worries about its ability to navigate mounting challenges.