Tesla has already lost half its value since December, but Wells Fargo says it could fall another 40%. Colin Langan, an analyst at the bank, lowered his 12-month price target from $135 to $130 on Friday and maintained an underweight rating.

There can be no doubt that electric vehicle giant Tesla (TSLA) has had a punishing first quarter of 2025 so far. The stock has lost half its

Wells Fargo reiterated its "Underweight" rating on Tesla (TSLA, Financial) shares in a Friday note, lowering its price target to $130 from $135. The bank cited weak fundamentals, slowing sales, and margin pressures as key risks.