Wedbush's Dan Ives slashed his Tesla price target by 43%, citing Trump tariffs and Elon Musk brand woes. He also cut his Apple PT.

The consumer backlash against Tesla is a growing trend reflected in sales figures from Australia and worldwide.

Dan Ives' Wedbush Securities slashed its 12-month price target for the stock from $550 to $315 — a 43% cut.

More than 60 protests were planned for Saturday, and a dozen more for Sunday, at Tesla showrooms across the United States.