Tesla stock dropped in premarket trading Thursday, following a sharp gain of over 20% on Wednesday, according to Barron's. The decline came after President Trump paused some import tariffs for 90 days, but concerns over the car industry's tariff burdens remain. Analysts have expressed concerns that the tariffs on imported cars and the upcoming tariffs on car parts will hurt Tesla's profitability and demand. Goldman Sachs and UBS both lowered their price targets for Tesla.
