Wall Street’s Dan Ives breaks ranks with Elon Musk, cuts Tesla forecast by nearly 50% in stunning reversal of faith, blames Musk’s moves for the meltdown

Dan Ives, a Tesla bull, has significantly reduced his price target for Tesla. This is due to concerns about Elon Musk's behavior and political activities. Ives believes Tesla's brand has suffered damage. He estimates a loss of customer base, especially in Europe. Tariffs and Musk's association with Trump have negatively impacted sales in China.