Tesla bull Dan Ives has drastically cut his price target for Tesla, calling it a 'political symbol'
1. Wedbush cuts Tesla's price target by 43% to $315. 2. Tesla may lose 10% of its future customer base. 3. Political issues are negatively affecting Tesla's brand perception globally. 4. China's tariff retaliation may harm Tesla's sales in the EV market. 5. Tesla's deliveries fell 13% year-over-year in Q1 2025.