富國銀行說，特斯拉的股價可能會再下跌40％

自12月以來，特斯拉已經失去了其價值的一半，但富國銀行表示，它可能會再下降40％。

Tesla has lost half its value since December, but Wells Fargo says it could fall by another 40%.

自12月以來，特斯拉的價值失去了一半，但富國銀行表示可能會再下降40％。

Analyst Colin Langan downgraded his 12-month price target on Friday, cutting it from $135 to $130 and keeping an underweight rating on the stock. His new forecast implies a 46% decline from where the shares are now trading.

分析師Colin Langan週五將其12個月的目標目標降低了，將其從135美元降低至130美元，並將股票評級不足。他的新預測意味著從現在的股票交易的地方下降了46％。

The average price target on Wall Street is $372, but Langan’s outlook tells a different story.

華爾街的平均價格目標為372美元，但蘭甘的前景講述了一個不同的故事。

“We’ve been bearish on Tesla’s revenue and margins since last year, and the concerns have largely played out,” Langan explained, highlighting a 40% decline in European sales this year as a key driver of the recent share price downturn.

Langan解釋說：“自去年以來，我們一直在特斯拉的收入和利潤率上看跌，並且這些擔憂在很大程度上已經解決了。”這是最近歐洲銷售額下降40％，這是最近股價下跌的主要推動力。

“With no sales growth, we believe the stock’s momentum will continue to drain.”

“由於沒有銷售增長，我們相信該股票的勢頭將繼續消耗。”

The problems are unfolding as several companies are cutting their price target.

由於幾家公司正在降低其價格目標，因此問題正在發展。

Earlier this week, UBS and Redburn Atlantic maintained their sell ratings on the stock, adding more pressure on the shares.

本週早些時候，瑞銀（UBS）和雷德伯恩（Redburn Atlantic）維持了股票的賣出評級，增加了股票的壓力。

The company is also struggling with tariffs, as Tesla and SpaceX penned letters to U.S. trade representative Jamieson Greer on Friday, expressing their concerns over Trump’s tariff policies.

由於特斯拉和SpaceX在周五給美國貿易代表傑米森·格里爾（Jamieson Greer）寫信，表達了他們對特朗普的關稅政策的擔憂。

In a letter submitted by Miriam Eqab, Associate General Counsel, Tesla said the U.S. tariffs on Chinese goods are driving up the costs of Tesla’s U.S.-assembled vehicles.

特斯拉副法律顧問Miriam Eqab提交的一封信中說，美國對中國商品的關稅正在推動特斯拉的美國組裝車輛的費用。

“U.S. exporters are being disproportionately affected as other countries routinely retaliate against U.S. trade claims with tariffs of our own,” the letter stated. The company warned that these tariffs will make its vehicles less competitive, both at home and abroad.

信中說：“隨著其他國家常規報復我們的貿易索賠，美國出口商受到了不成比例的影響。”該公司警告說，這些關稅將使國內外的車輛競爭力降低。

SpaceX, meanwhile, had a different problem. The company’s Starlink satellite service is facing external trade barriers that are increasing its costs.

同時，SpaceX有不同的問題。該公司的Starlink衛星服務面臨著增加成本的外部貿易障礙。

“Import tariffs in several countries add a significant burden to Starlink’s operating costs, whereas the U.S. does not impose comparable tariffs on any competing products or services,” said Mat Dunn, Senior Director of Global Business and Government Affairs at SpaceX in his letter.

SpaceX全球商業和政府事務高級主任Mat Dunn在信中說：“多個國家的進口關稅給Starlink的運營成本帶來了重大負擔，而美國對任何競爭產品或服務都不會對任何競爭產品或服務徵收可比的關稅。”

The letters were part of a public comment period, in which over 700 companies responded to Trumps trade policies. But the message was clear: the tariffs are making their products more expensive, hurting sales and reducing profitability.

這些信件是公眾評論期的一部分，其中有700多家公司對特朗普的貿易政策做出了回應。但是信息很明確：關稅使他們的產品更加昂貴，損害了銷售和降低盈利能力。