Tesla (NASDAQ: TSLA) saw its price target slashed by 22% at Bank of America, with analysts lowering their outlook from $490 to $380. The downgrade reflects growing concerns over potential tariff risks that could impact Tesla’s supply chain and sales, particularly as trade tensions between the U.S. and key international markets escalate. Analysts cited uncertainty surrounding electric vehicle demand and higher production costs as additional headwinds for the automaker.
As of the latest trading session, Tesla shares traded at $268.47, down 5.7% on the day. The stock has fluctuated between an intraday high of $285.86 and a low of $262.00.
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About Tesla Inc.
Tesla Inc. is a multinational automotive and energy company focused on electric vehicles, battery storage, and renewable energy solutions. Founded in 2003, Tesla aims to accelerate the global transition to sustainable energy through its range of electric cars, solar products, and battery storage systems. The company is headquartered in Austin, Texas.
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