富国银行说，特斯拉的股价可能会再下跌40％

自12月以来，特斯拉已经失去了其价值的一半，但富国银行表示，它可能会再下降40％。

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

自12月以来，特斯拉的价值失去了一半，但富国银行表示可能会再下降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.

分析师Colin Langan周五将其12个月的目标目标降低了，将其从135美元降低至130美元，并将股票评级不足。他的新预测意味着从现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.

华尔街的平均价格目标为372美元，但兰甘的前景讲述了一个不同的故事。

“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解释说：“自去年以来，我们一直在特斯拉的收入和利润率上看跌，并且这些担忧在很大程度上已经解决了。”这是最近欧洲销售额下降40％，这是最近股价下跌的主要推动力。

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

“由于没有销售增长，我们相信该股票的势头将继续消耗。”

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

由于几家公司正在降低其价格目标，因此问题正在发展。

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

本周早些时候，瑞银（UBS）和雷德伯恩（Redburn Atlantic）维持了股票的卖出评级，增加了股票的压力。

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.

由于特斯拉和SpaceX在周五给美国贸易代表杰米森·格里尔（Jamieson Greer）写信，表达了他们对特朗普的关税政策的担忧。

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.

特斯拉副法律顾问Miriam Eqab提交的一封信中说，美国对中国商品的关税正在推动特斯拉的美国组装车辆的费用。

“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.

信中说：“随着其他国家常规报复我们的贸易索赔，美国出口商受到了不成比例的影响。”该公司警告说，这些关税将使国内外的车辆竞争力降低。

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

同时，SpaceX有不同的问题。该公司的Starlink卫星服务面临着增加成本的外部贸易障碍。

“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全球商业和政府事务高级主任Mat Dunn在信中说：“多个国家的进口关税给Starlink的运营成本带来了重大负担，而美国对任何竞争产品或服务都不会对任何竞争产品或服务征收可比的关税。”

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.

这些信件是公众评论期的一部分，其中有700多家公司对特朗普的贸易政策做出了回应。但是信息很明确：关税使他们的产品更加昂贵，损害了销售和降低盈利能力。