On Sunday, Dan Ives, an analyst from Wedbush Securities, made a significant reduction in his price targets for both Tesla and Apple shares. He lowered his target price for Tesla from $550 to $315, marking a 43% decrease. Ives attributed this revision to tariff issues and the controversial cost-cutting measures implemented by Tesla CEO Elon Musk, which were influenced by the Trump administration. This adjustment underscores the current sentiment on Wall Street regarding the future prospects of these two companies.
