Tesla stock dropped in premarket trading Thursday, following a sharp gain of over 20% on Wednesday, according to Barron's. The decline came after President Trump paused some import tariffs for 90 days, but concerns over the car industry's tariff burdens remain. Analysts have expressed concerns that the tariffs on imported cars and the upcoming tariffs on car parts will hurt Tesla's profitability and demand. Goldman Sachs and UBS both lowered their price targets for Tesla.
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00:00it's benzinga bringing wall street to main street tesla stock dropped in pre-market trading thursday
00:05following a sharp gain of over 20 on wednesday according to barons the decline came after
00:10president trump paused some import tariffs for 90 days but concerns over the car industry's
00:14tariffs burdens remain analysts have expressed concerns that the tariffs on imported cars
00:19and the upcoming tariffs on car parts will hurt tesla's profitability and demand
00:23moment sacks and ubs both lowered their price targets for tests for all things money visit
00:28benzinga.com slash gstv