Tesla (Tsla) Actions dropped up to 4% on Friday, bearing a record of a record of almost 50% while it continues to see its post-electoral rally fading.
This decrease in the actions of the automaker EV prompted Wedbush analyst Dan Ives – one of the largest bulls of the electric vehicle manufacturer at Wall Street – to issue an energetic stock defense, doubling his bullish views during what he calls a “moment of control of the interface for Tesla Taurus (including ourselves).”
In a note to customers published Thursday evening, Ives wrote “The Time a Vow” to defend the action, Ives adding Tesla to the “best list of ideas” of the company and reiterating its outperformance note and its price objective of $ 550 on the name.
Ives' call came after Tesla action dropped 5.7% Thursday, a decision that followed others in the street saying The controversial association of the CEO Elon Musk with the Trump The administration dislocated the feeling about the stock.
The Tesla action closed to a file of more than $ 479 on December 17 and reached an intraday summit of around $ 488 the next day. The actions were closer to $ 260 in exchange for noon Friday and ended at their lowest level since November 5.
Since 13:53:48 pm hne. Market open.
“There have been Tesla's history several times over the past decade that negative feeling and street worries have overshadowed the story of this unique world disturbing technological history,” wrote Ives.
“Knuckle White production moments in 2017/2018 to finance workers in the Musk / Twitter soap opera in 2022 … And now here again, Tesla Bulls finds herself with her back against the wall facing the global negative feeling around Musk / Doge and the Trump administration.
“This is a moment of intestinal control for the Tesla Bulls (including ourselves) after this massive sale in Tesla shares with fears.”
Ives has the highest price goal for Tesla among the 48 Wall Street analysts followed by Yahoo Finance. On average, Wall Street analysts have a share target per share of $ 346 on action over the next 12 months. The shares closed the negotiation sessions on Thursday at $ 263.
Tesla stock in February has recorded its greatest decrease to date.
Actions have Abandoned almost all their earnings which followed the election of Donald Trump. Musk has become one of Trump's main substitutes on the campaign campaign in the last months of the 2024 elections.
In the opinion of Ives, Musk's foray into politics takes less than 5% of Tesla world sales in danger despite what Ives calls “the world draconian story for Musk”.
“Above all”, added Ives, “we expect Musk to balance his time between Doge and Tesla / Spacex will be better during 2025 and some of these distraction problems will disappear. We continue to believe that the best thing that has ever happened to Musk and Tesla was Trump in the White House because it will create a deregulatory strategic environment.”
