Amid a historic backlash against Tesla, the bank slashed its Q1 delivery forecast to just 355,000 vehicles and reduced its price target to $120 per share.
The estranged son of Australian media mogul Rupert Murdoch exercised some of his stock options, contributing to the worst single day loss for Tesla since September 2020.
A pressure campaign targeting Trump's wealthy political patron is conspiratorial and against the law, the president told his supporters, despite boycotts falling under the domain of free speech.
Asked about the threat of a recession this year, President Trump warned there would be a “period of transition” as he renegotiates trade relationships.