Tariffs, weak demand, and more
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Tesla (TSLA-7.81%) stock took another dive on Thursday as analysts chopped price targets for the electric-vehicle maker, citing the Trump administration’s impending 25% tariffs on auto parts and weakening demand in Europe and China.
The auto-part levies are still slated to kick in on May 3, and 25% tariffs on aluminum and steel remain in effect, even after President Donald Trump hit pause on tariff hikes for most countries on Wednesday, triggering a historic-yet-fleeting rally.
Tesla plunged 6.66% as of 2:50 p.m. ET on Thursday, sliding along with other leading tech stocks. Since January 1, investors have shucked about 33% off the…
