Mizuho lowered the firm’s price target on Tesla (TSLA) to $375 from $430 and keeps an Outperform rating on the shares. The 90-day pause on reciprocal tariffs does not apply to auto and auto parts, implying continued uncertainty and negative impacts to automotive and analog stocks, the analyst tells investors in a research note. The firm cut estimates across the sector.
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Read More on TSLA:
- Tesla price target lowered to $190 from $225 at UBS
- Tesla price target lowered to $260 from $275 at Goldman Sachs
- Auto tariffs will raise the cost of owning a car, WSJ says
- Tesla Stock’s (TSLA) Tariff Surge Turns Into a Skid
- Tesla to showcase lineup, Cybercab at new Saudia Arabia store, Bloomberg says
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