The company released weaker-than-expected first-quarter delivery numbers earlier this month, and analysts have expressed concern about the impact that the Trump administration’s tariffs will have on the auto maker the remainder of the year. Tesla shares have reversed gear in 2025, slumping 44% since the start of the year amid concerns that Musk’s active involvement in the Trump administration has dented the automaker’s brand, hurting sales, and distracted him from leading the company. This area also sits just below a projected bars pattern downside target that takes the stock’s downtrend following an earlier descending triangle on the chart and repositions it from the current pattern’s top trendline, with the analysis assuming a downward continuation move may play out.
Author: Timothy Smith
Published at: 2025-04-21 22:39:00
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