{"id":13735,"date":"2025-04-07T18:17:29","date_gmt":"2025-04-07T18:17:29","guid":{"rendered":"https:\/\/fusionmindlabs.com\/blogs\/apple-tesla-hit-hard-by-trump-tariffs\/"},"modified":"2025-04-07T18:17:29","modified_gmt":"2025-04-07T18:17:29","slug":"apple-tesla-hit-hard-by-trump-tariffs","status":"publish","type":"post","link":"https:\/\/fusionmindlabs.com\/blogs\/apple-tesla-hit-hard-by-trump-tariffs\/","title":{"rendered":"Apple, Tesla hit hard by Trump tariffs"},"content":{"rendered":"\n<\/p>\n
\n

Over the weekend, Wedbush Securities analyst Dan Ives reduced his price targets for Apple and Tesla<\/a> due to the potential disruption caused by President Trump’s tariffs on their businesses.<\/p>\n

According to Ives, “the tariff economic crisis triggered by Trump is a complete disaster for Apple, given its substantial production exposure in China.” He further emphasized that “no U.S. tech company is more severely impacted by these tariffs than Apple, with 90% of iPhones produced and assembled in China.”<\/p>\n

As a result, Wedbush lowered its price target for Apple stock by $75, bringing it down to $250 per share. Currently, Apple’s shares have declined by 4.3% and are trading at $180.<\/p>\n

Ives also reduced his price target for Tesla from $550 to $315, which remains significantly higher than the company’s current share price of $233.94 as of 2:10 pm ET.<\/p>\n

The analyst attributed the price cut to not only the effects of tariffs but also to the controversy surrounding CEO Elon Musk’s politics, which has led to a brand crisis<\/a> for the automaker. Musk’s association with Trump and his tariff policies are negatively impacting sales<\/a> in the U.S. and Europe, and also threatening Tesla’s popularity in China, “further driving Chinese consumers to opt for domestic brands like BYD,” Ives explained.<\/p>\n

Ives stated that “Tesla has essentially become a political symbol<\/a> globally.” He wrote<\/a>, “It is time for Musk to take a leadership role, understand the current situation, and provide guidance during this period of uncertainty.”<\/p>\n

Tesla shares experienced a decline of nearly 10% compared to Friday’s closing price but have partially rebounded as of Monday afternoon.<\/p>\n<\/div>\n\n
Source Link<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Over the weekend, Wedbush Securities analyst Dan Ives reduced his price targets for Apple and Tesla due to the potential disruption caused by President Trump’s tariffs on their businesses. According…<\/p>\n","protected":false},"author":0,"featured_media":13736,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[69,583,177],"class_list":["post-13735","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","tag-apple","tag-tariffs","tag-tesla"],"jetpack_featured_media_url":"https:\/\/fusionmindlabs.com\/blogs\/wp-content\/uploads\/sites\/9\/2025\/04\/tesla-apple-watch.jpeg","_links":{"self":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/posts\/13735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/comments?post=13735"}],"version-history":[{"count":0,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/posts\/13735\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/media\/13736"}],"wp:attachment":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/media?parent=13735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/categories?post=13735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/tags?post=13735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}