Tariffs remain in effect on Chinese goods, including batteries for electric vehicles and imported cars, analysts said.

Tesla (TSLA) shares are down nearly 6% as of this writing after analyst Dan Ives of Wedbush Securities trimmed his price target on the electric vehicle manufacturer by a concerning 43%. CEO Elon Musk’s involvement in politics has created a “brand crisis” that,

Dan Ives, a renowned analyst at investment bank Wedbush Securities, cut his price target on Tesla (TSLA) today to $315 from $550, Schwab Network reported. However, Ives did keep an Outperform rating on the name.