Inspectors from the ATF and a Seattle Fire Department official were seen examining damaged Tesla Cybertrucks at a Tesla facility in Seattle on Monday, March 10, 2025. Despite a partial recovery, Tesla's stock closed down nearly 2% on Monday. It marked the carmaker's worst quarter since 2022. Wedbush predicted that tariffs would lead to Tesla raising prices, and Stifel reduced its price target for the stock. The stock continued to decline on Monday, wrapping up a difficult quarter. It lost as much as 7% before recovering slightly to close 1.7% lower. The first three months of the year were particularly challenging, with the stock falling over 35% year-to-date. The impact of tariffs, which are expected to affect Tesla despite previous assumptions that the company was insulated, was a significant factor contributing to the decline in stock price. Tesla faced criticism and protests following Elon Musk's involvement in the Trump administration. Protests against the company have spread, with a fire at a Tesla dealership in Italy being investigated. Stifel analysts also lowered their price target for Tesla to $455 and revised their vehicle delivery forecasts downwards.
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