Tesla Stock Dives over 5% after Baird Slashes Price Target over Production and Political Risks
Tesla (TSLA) stock witnessed a decline in its stock value, dropping over 5% due to a price target cut from Baird. Analyst Ben Kallo of Baird reduced the price target for the electric vehicle (EV) manufacturer from $440 to $370 per share but stayed bullish on Tesla’s long-term future.
Kallo blamed production delays and CEO Elon Musk’s growing role in government affairs for the short-term pressure. He thinks the upcoming Model Y refresh could slow deliveries and impact revenue. Plus, investors worry that Musk’s political ties might distract him from running Tesla, creating uncertainty about the company’s future.
What’s Next for Tesla Stock?
Tesla’s stock is off to a rough start in 2025, sinking over 34%…
