Why Some Tesla Bears Say the Stock Could Lose Nearly Half Its Value, Again | Global News Avenue

Tesla (TSLA)share Almost 4% on Friday exist A broader market reboundbut still posted Week 8 Some analysts have expected the stock to fall further.

The stock has given up Approximate gains Since the November 5 election, nearly half of the value of the $479.86 peak on December 17 has lost nearly half of its value. This week, analysts from Wells Fargo and JPMorgan Chase lowered their price targets to $130 and $120, respectively, suggesting that the stock may be worth nearly half of its closing price on Friday at $249.98.

Wells Fargo and JPMorgan analysts have particularly bearish new price targets, well below the visible Alpha-tracked analyst average, at $366, meaning it’s about 50% from Friday’s level.

Wells Fargo analysts say they “initially refuted” fears of a political rebound Participation of CEO Elon Musk With the Trump administration, the administration will hurt electric car manufacturers, but recently raised questions about protests and reports on Tesla vehicles as they “raise stakes for potential buyers.” They highlighted the decline in sales in the United States, China and Europe.

On Friday, Tesla was reported to be one of several automakers who feared the Trump administration’s concerns about the U.S. Trade Representative’s Office Measures to tariffs. According to reports, letters from Tesla and other auto companies said tariffs could lead to retaliation from other countries, which could damage the U.S. auto industry.