Tesla's Trading Volume Drops 30.1% to $319.29 Billion, Ranked Second in Market Activity

On April 11, 2025, Tesla's trading volume reached $319.29 billion, a 30.1% decrease from the previous day, ranking second in the day's stock market activity. Tesla's stock price fell by 0.04%, marking the second consecutive day of decline, with a total decrease of 7.31% over the past two days.

Tesla's U.S. sales have experienced a significant decline, with a drop of nearly 9% year-over-year in the first quarter of 2025. This decline is attributed to the impact of tariffs, which have increased the cost of Tesla vehicles and eroded demand. The tariffs, which include a 25% import tax on cars and a 25% import tax on parts, are expected to add an average of $5,000 to the cost of cars and depress domestic demand by 9%.

Analysts from UBS and Mizuho have lowered their target prices for Tesla, citing concerns over the potential impact of tariffs on the broader auto industry. UBS cut its target price for Tesla to $190, estimating that the electric car manufacturer's vehicle deliveries will fall 11% in 2025. Mizuho analysts also lowered their target price to $375, citing the potential for tariffs to increase Tesla prices and erode demand. The consensus analyst estimate puts Tesla shares at around $327, nearly 30% above Thursday's closing price.

Tesla's stock price has been volatile in recent days due to shifts in U.S. trade policy and CEO Elon Musk's efforts to slash government spending. The Trump administration's decision to scale back tariffs on a number of U.S. trading partners has not affected goods from China, including car batteries and their components, which are subject to tariffs of more than 100%. Import taxes of 25% remain in effect on cars, which will drive up prices, deter consumers, and potentially reduce Tesla’s 2025 U.S. revenue by 3.5%, according to Mizuho estimates.