Tesla Stock Tumbles as Tariffs Take Effect, BofA Drops Price Target | Global News Avenue

Tesla (TSLA) Stocks fell Tuesday, and recently suffered losses amid fears of tariffs, weak Chinese sales and sweet and sour brand sentiment, with Bank of America analysts lowering its stock price target.

The electric car maker’s stock has fallen nearly 6% in recent trading to $269, losing a third of its value since the beginning of 2025.

Trump administration tariffs on Canada and Mexico, this is Effective TuesdayBank of America analysts say North American automakers, including Tesla, “pose a significant risk.”

They say the decline in European sales has also put pressure on stocks as CEO Elon Musk makes headlines in the Trump administration. Ministry of Government Efficiency. Sales of Tesla’s Chinese-made vehicles also fell, down 49.2% year-on-year in February Reuters The report said data from the China Passenger Car Association was cited on Tuesday.

BOFA reiterated the stock’s “neutral” rating, but lowered its target target from $490 to $380, slightly higher than the average of analysts surveyed by Visible Alpha ($368).

Morgan Stanley named the company “First choice“In the U.S. automotive industry, saying Tesla’s delivery is not a “special change in narrative” than expected.