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.
