The Wedbush Securities Analyst Dan Ives broke his targets on the price for Apple and Tesla Within the weekend while President Trump’s tariffs threaten to distract businesses.

“Tariff Economic Armageddon released by Trump is a complete disaster for Apple given to a large production of Chinese production,” Ives said at the end of the week. “In our view, there is no company in the tech teacher that is more negatively affecting these tariffs than Apple with 90% of the iPhone made and gathered in China.”

Wedbush cuts the price target for apple stock for $ 75, up to $ 250 per part. Apple parts are consumed this afternoon by 4.3% and retail for $ 180.

Ives also cut the price target for Tesla for $ 315 from $ 550, more than the current price of $ 233.94 to 2:10 pm.

Ives say that the effect of tariffs is not the only cause for cutting the price. He also quotes the politics of CEO Elon Musk, which makes a Brand crisis for automaker. Musk association with Trump and his tariff policies affect the selling In US and Europe and also threatened Tesla in China, “added driv (ing) consumers in China to buy households like BYD,” Ivestic said.

“Tesla is essentially done A political symbol globally, “he WRITES. “It’s time to go to Musk, read the room, and be a leader at this time of uncertainty.

Tesla parts dropped almost 10% compared to the end of the Friday price, but rebounded a little on Monday afternoon.