An analyst expects Tesla Q1 deliveries to be down 7% from a year earlier. He said Elon Musk's DOGE antics and brand problems were partly to blame.

Tesla trade-ins have reportedly hit a record high amid a brand crisis linked in part to CEO Elon Musk's involvement in the Trump administration. According to the Washington Post, Teslas made up 0.4% of all vehicles traded at traditional dealerships a year ago.

Wood issued a major bull call on Tesla, expecting its stock to rise roughly 10 times over the next five years.

In the same investor note, JP Morgan slashed its price target for Tesla shares to a mere $120, representing more than a 50% drop from the $249 mark it was trading at last week. Tesla’s market cap has already plummeted roughly 49% since December, free-falling from a peak value of $1.54 trillion to under $800 billion, Business Insider notes.

Tesla (TSLA) stock finished trading on March 26 down 6% on news that sales of the company’s electric vehicles declined another 40%

Tesla faces increasing competition from major automakers as they ramp up EV production, including China’s BYD.

Shares of Tesla (TSLA 5.33%) soared to a record high of $479 at the end of 2024, shortly after President Trump won the election. Investors were optimistic about the possibility of

Tesla’s stock closed higher Tuesday for the fifth straight day, a remarkable and sustained rally that has recaptured a quarter of the value it lost in the last three months. It may not last.