Tesla's share price has declined by more than 5%, marking a cumulative drop of 52% since reaching its all-time high in December of last year. The stock is currently trading at $225.41, sliding beneath the forecast level set by the U.S. Secretary of Commerce. Analyst Daniel Ives has reduced Tesla's target price by more than 40%, citing President Trump's trade policies and the brand crisis sparked by Elon Musk as the primary factors behind this adjustment.
