💨 Abstract
Wedbush Securities analyst Dan Ives reduced price targets for Apple and Tesla due to potential disruptions from President Trump's tariffs, particularly for Apple given its heavy reliance on China for iPhone production. Ives also cited Elon Musk's political associations as a factor affecting Tesla's sales and popularity in the US, Europe, and China. Tesla shares dropped nearly 10% over the weekend but rebounded somewhat by Monday afternoon.
Courtesy: techcrunch.com
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