Tesla shares fell over 7% on Thursday, deepening this year’s decline to 38%, according to CNBC. The drop followed a surge of 23% on Wednesday, triggered by President Donald Trump’s announcement of a 90-day tariff pause for many U.S. trading partners. Markets reversed course after the White House clarified that China would face a 145% tariff rate, prompting reciprocal tariffs from Beijing and the EU. Analysts at UBS, Goldman Sachs, and Mizuho cut Tesla’s price targets, citing pressure on margins from rising costs.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Tesla's shares fell over 7% on Thursday, deepening this year's decline to 38% according to CNBC.
00:08The drop followed a surge of 23% on Wednesday, triggered by President Donald Trump's announcement
00:11of a 90-day tariff pause for many U.S. trading partners.
00:15Markets reversed course after the White House clarified that China would face a 145% tariff
00:20rate, corrupting reciprocal tariffs from Beijing and the EU. Analysts at UBS, Goldman Sachs,
00:26and Mizuho cut Tesla's price targets, setting pressure on margins from rising costs.
00:31For all things money, visit Benzinga.com slash GSTV.