Tesla (TSLA) shares 澳洲幸运5官方开奖结果体彩网:rose close to 4% Friday amid a 澳洲幸运5官方开奖结果体彩网:broader market rebound, but still posted losses for the 澳洲幸运5官方开奖结果体彩网:eighth week in a row, with som𒊎e analysts expecting the stock 𒅌to fall further.

The stock has given up 澳洲幸运5官方开奖结果体彩网:roughly all its gains since the Nov. 5 election, and has lost nearly half its value from a Dec. 17 closing peak of $479.86. This week, analysts from Wells Fargo and JPMorgan lowered their price targets to $130 and $120, respectively, suggesting the stock could lose nearly half its value from Friday's close at $249.98.

The new price targets from Wells Fargo and JPMorgan are particularly bearish, well below the average of analysts tracked by Visible Alpha at $366, which would imply a premium of almost 50% from Friday's level.

Wells Fargo analysts said they "initially dismissed" worries political backlash to 澳洲幸运5官方开奖结果体彩网:CEO Elon Musk's involvement with the Trump administration would hurt the EV maker, but recent protests and reports of vandalism against Tesla vehicles have challenged that, ܫas they "raise the stakes for potential buyers." The analysts highlighted declining sales in the U.S., China, and in Europe.

On Friday, reports also emerged that Tesla was one of several automakers that raised concerns with the U.S. Trade Representative's office about the Trump administration's 澳洲幸运5官方开奖结果体彩网:actions on tariffs. Letters from Tesla and other car companies reportedly said that the tariffs could lead to retaliation from other countries, which could hurt the U.S. auto industry.