Tesla Inc. experienced a significant stock surge of 22% on April 9, following a series of price target adjustments by various Wall Street analysts. Benchmark analyst Mickey Legg labeled the recent sell-off in Tesla shares as 'overblown,' despite the company facing a challenging period with declining sales in key markets such as China, where sales dropped by 49%, Europe, with a 37% decline in France and a 76% sales drop in Germany, and the U.S., where sales decreased by 1%. Legg's optimism stems from anticipated catalysts, including the unveiling of a new Tesla model in the second quarter and the planned launch of Tesla-operated robotaxis in Austin, Texas, in June. These developments are expected to reinvigorate interest in the brand. Despite these positive outlooks, Benchmark reduced its price target for Tesla from $475 to $350, reflecting the company's delivery of only 336k vehicles in Q1. The broader market sentiment towards Tesla has been influenced by global trade tensions and Elon Musk's high-profile role in the Department of Government Efficiency (DOGE). Recent news of President Trump delaying reciprocal tariffs for 90 days and enacting a 10% baseline tariff contributed to the stock's rally, as investors reacted positively to the potential easing of trade pressures.