Tesla’s stock took another hit on Monday, falling nearly 5% to $238 per share despite an overall market recovery. The decline follows growing concerns from Wall Street analysts over weakening sales, increased competition, and a shifting brand perception.
Mizuho analysts slashed their Tesla price target by $85 to $430, citing a sharp drop in vehicle deliveries. The firm lowered its 2025 forecast from 2.3 million to 1.8 million units, below the market consensus of 2 million. Tesla’s sales have plunged in key regions, with a 49% drop in China, a 76% decline in Germany, and a 2% dip in the U.S., even as the EV market continues to expand.
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The company’s stock is down 41% in 2024, making it the second-worst performer in the S&P 500. Despite a brief rebound last week, Tesla continues to struggle as the broader market gains momentum. Analysts point to geopolitical tensions and strong competition from Chinese EV makers as additional challenges.
Elon Musk’s increasing political involvement, particularly his ties with Donald Trump, has also raised concerns. While Musk remains the world’s richest person with a net worth of $329 billion, he has lost over $130 billion since December 2023 due to Tesla’s stock slump.
