Tesla Cybertrucks parked in a California dealership lot. Tesla shares are down 41% this year. (Justin Sullivan/Getty Images)

Even Tesla’s biggest supporters are feeling the heat of Trump’s tariffs.

Wedbush Securities’ Dan Ives, one of Wall Street’s most vocal tech bulls, lowered his 12-month price target for Tesla’s stock to $315 from $550.

Tesla shares are down 41% this year, closing at $239.43 on Friday.