Wedbush Securities analyst Dan Ives has revised his 12-month Tesla forecast downwards due to negative brand impact. The firm has reduced its price target for Tesla by 43%, citing influence from Elon Musk's involvement in politics in Washington and China's reaction to tariffs. Wedbush Securities estimates that Tesla has already lost around 10% of potential customers. Ives, previously optimistic about Tesla, has now expressed concerns about the company's future prospects. The firm described Tesla as being politically polarizing globally, posing challenges for the company's reputation and market standing. Additionally, the firm highlighted the potential adverse effects of President Trump's tariffs on Tesla's trade relations with China, which could impact its supply chain and sales in the EV market. Tesla's stock price has declined by nearly 37% since the beginning of the year and over 50% from a previous high in December 2024.