The Wedbush Securities Analyst cut its price goals Apple and Tesla During the weekend, as President Trump’s tariff threatens to disable both companies.
“The economic tariff of Harmageddon launched by Trump is a complete disaster for Apple, given its massive exposure to China’s production,” Evz said in a warning note during the weekend. “From our point of view, the American technology company is not negatively affected by this Apple tariff with 90 % of the iPhone devices that have been produced and assembled in China.”
Wedbush reduced its target price for Apple share by $ 75, down to $ 250 per share. Apple shares decreased this afternoon by 4.3 % and traded at $ 180.
IVES also reduced its target price for Tesla to $ 315 from $ 550, which is still much higher than the current Tesla share of $ 233.94 as of 2:10 pm Easter.
Evis said the impact of the definitions is not the only reason for prices. The policy of CEO Elon Musk was also martyred, which created a The brand crisis For the auto industry. The association of musk with Trump and its definition policies affects sales Evz said:
“Tesla became mainly Political symbol Global, “it is books. “It is time to escalate musk, read the room, and be a pioneer at this time of uncertainty.
Tesla shares decreased by almost 10 % compared to the closing price on Friday, but they recovered to some noble afternoon.
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