- Wedbush’s securities analyst reduced the price of prices to $ 315 per sharelisting the steep audit in delivery estimates By 2030 because of Elon Musk’s policy. IVS was walking in late January to $ 550, shortly before the stock was on the market. “The destruction of demand for Tesla and the damage to the brand is real,” he wrote.
About a month ago, Vedbush’s securities analyst, Dan IVS, warned Tesla CEO Elon Musk that his shareholders’ patience “carries a very thin”.
It seemed like it was finally attracted, after Wall Street’s safest Tesla Bull reduced the price of prices in half, accusing the polarizing CEO of the well. Continuing forward, he said, the sale of EV for the brand that once hit Breakneck’s speed will now only get in charge of the single digits as a result.
“Destruction of demand for Tesla And Brand damage is real“IVS wrote,” and got into something much more for the past few months. “
By lowering prices to $ 315 from $ 550, Vedbush’s analyst broke the ranks of many Tesla Bulls who mostly see Musk’s policy as a washing – as in, Musk does not lose more customers than the right.
IVS not only disagreed, he said the tariffs risked spreading the problems of Europe And the United States away from the east, explaining that he is much more concerned about the Musk Association with Trump over China.
Since his recent price changes appear to be guided by sentimental and persuasion, IVS has deleted all assumptions that support basic earnings drivers this time.
He justified the new $ 315 goal with a steep downward revision of his estimates of Tesla’s deliveries by 2025 by 2030, reducing them by an average of more than one fifth.
A sharp downward revision of delivery estimates by 2030
Ives now predicts EV sales for the brand to increase at an annual pace of approximately 8% next year – from the previous rate of approximately 15%.
“We now estimate that Tesla has lost/destroyed at least 10% of its future customer base globally, based on self -created problems with the brand and this can be a conservative assessment,” IVS wrote. “In Europe, this number can be 20% or greater… All self -recovering from Musk.”
What means in practice is the delivery of just 1.70 million vehicles this year, an annual decline of 5% over 2024, which rose to 2.47 million at the end of the decade. By comparison, his estimates were 2.19 million and 4.54 million, respectively, just five months ago.
Earlier Ives calmed investors by claiming that Musk’s influence with Trump was likely to give him a huge tell in the Chinese tariffs the president was planning.
These hopes were intertwined last week after news that China’s import duties would be dizzy at 54% of the previous 20%, starting from April 9.
China in turn struck a 34% reciprocal tariff to match the administration’s move, set a trade war between the two superpowers in the world.
Now IVS fears that Chinese buyers, who had previously cared for a little if Musk pushed West’s authoritarianism, could turn their backs on Tesla’s chief executive because of his close relationship with the US president.
“The reaction from Trump’s tariff policies to the Association of China and Musk will be difficult to understand and this will further make Chinese consumers buy domestic, such as Byd, NoXPeng and others, “IVS wrote.
IVS has raised its price price three times since Trump’s selection
The Wedbush analyst has chosen the worst time to become bullish. In mid -December, he raised prices to $ 515, just three days before sharing a record price of $ 488 per share.
IVS then doubled to his optimism, walking once again to $ 550 two days after Trump took office. At that moment, the stable stock market dropped over the previous four weeks to turn into a route, as Musk’s efforts caused outrage across the country.
Finally, after Tesla’s shares fell by another 37% to reach $ 263, IVS felt that investors needed a “pound of tables” as a thingbush to remind them of the value it lacked and added to his “list of best ideas”. In total, Ives raised its price three times since the US $ 300 election in early November.
Instead, the Tesla Car Sales Blend – lowest for nearly three years– And the uncertainty about the tariffs continued to put pressure on stocks. Tesla’s shares are expected to open about 5% lower when trading begins on Monday.
“Tesla unfortunately has become a political symbol because of Musk and this is a very bad thing for the future of this technology,” he said.
This story was originally shown on Fortune.com
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