Dan Ives from Wedbush Securities has downgraded price targets for Apple and Tesla due to President Trump's tariffs. He highlighted Apple's significant reliance on Chinese production, predicting a sharp decline in stock value. Apple's target was cut to $250 from $325, with shares dropping 4.3% to $180. Meanwhile, Tesla's target fell to $315, despite the current price being $233.94. Ives also noted that Elon Musk's political ties are damaging Tesla's reputation and sales, particularly in China, where local brands like BYD are gaining traction.