Archives April 2025

New circulation commemorative type:

“The National Guard of Ukraine“

TECHNICAL DATA
Composition: nickel-electroplated zinc-based alloy
Diameter: 23.50 mm
Weight: 6.40 g
Thickness: 2.30 mm
Mint: NBU Banknote Printing and Minting Works (Ukraine)


LINK: National Bank of Ukraine

Below you’ll find featured rates available from our partners, followed by details from our ranking of the best CDs available nationwide.

Rates of 4.50% to 4.65% You Can Guarantee as Long as 2026

The nation’s leading CD rate held its ground today at 4.65%, and you have your choice of two offers for that APY: INOVA Federal Credit Union offers a 5-month term, and OMB lets you extend the APY for 7 months. In both cases, you can lock in your return until this fall.

If you’d rather extend your rate lock until 2026, two top CDs pay 4.60%. Abound Credit Union offers that rate for a 10-month duration, while Vibrant Credit Union matches that APY for 13 months.

Four more nationwide certificates pay at least 4.55%, with the longest term among these being 13 months. Or you could stretch to XCEL Federal Credit Union’s 18-month certificate, which would guarantee a 4.50% return until October of next year.

All Federally Insured Institutions Are Equally Protected

Your deposits at any FDIC bank or NCUA credit union are federally insured, meaning you’re protected by the U.S. government in the unlikely case that the institution fails. Not only that, but the coverage is identical—deposits are insured up to $250,000 per person and per institution—no matter the size of the bank or credit union.

Consider Longer-Term CDs To Guarantee Your Rate Further Into the Future

For a rate lock you can enjoy into 2027, University Federal Credit Union is paying 4.30% APY for a full 24 months. Meanwhile, Genisys Credit Union leads the 3-year term, offering 4.32% for 30 months.

CD shoppers who want an even longer guarantee might like the leading 4-year or 5-year certificates. Vibrant Credit Union is paying 4.40% APY for 48 months, while Transportation Federal Credit Union promises that same rate for 60 months—ensuring you’d earn well above 4% all the way until 2030.

Multiyear CDs are likely smart right now, given the possibility of Fed rate cuts in 2025 and perhaps 2026. The central bank has so far lowered the federal funds rate by a full percentage point, and this year could see additional cuts. While any interest-rate reductions from the Fed will push bank APYs lower, a CD rate you secure now will be yours to enjoy until it matures.

Today’s Best CDs Still Pay Historically High Returns

It’s true that CD rates are no longer at their peak. But despite the pullback, the best CDs still offer a stellar return. October 2023 saw the best CD rates push above 6%, while the leading rate is currently down to 4.65%. Compare that to early 2022, before the Federal Reserve embarked on its fast-and-furious rate-hike campaign. The most you could earn from the very best CDs in the country then ranged from just 0.50% to 1.70% APY, depending on the term.

Jumbo CDs Top Regular CDs in Two Terms

Jumbo CDs require much larger deposits and sometimes pay premium rates—but not always. In fact, the best jumbo CD rates right now are lower than the best standard CD rates in all but three terms we track. In the 2-year term, Lafayette Federal Credit Union pays 4.33% vs. the leading 4.30% among standard CDs, while Hughes Federal Credit Union is offering 4.34% for a 3-year jumbo CD vs. 4.32% for the highest standard rate. Among 18-month CDs, both the top standard and top jumbo CD pay the same rate of 4.50% APY.

That makes it smart to always check both types of offerings when CD shopping. And if your best rate option is a standard CD, simply open it with a jumbo-sized deposit.

Where Are CD Rates Headed in 2025?

In December, the Federal Reserve announced a third rate cut to the federal funds rate in as many meetings, reducing it a full percentage point since September. But in January and March, the central bankers declined to make further cuts to the benchmark rate.

The Fed’s three 2024 rate cuts represented a pivot from the central bank’s historic 2022–2023 rate-hike campaign, in which the committee aggressively raised interest rates to combat decades-high inflation. At its 2023 peak, the federal funds rate climbed to its highest level since 2001—and remained there for nearly 14 months.

Fed rate moves are significant to savers, as reductions to the fed funds rate push down the rates banks and credit unions are willing to pay consumers for their deposits. Both CD rates and savings account rates reflect changes to the fed funds rate.

Time will tell what exactly will happen to the federal funds rate in 2025 and 2026—and economic policies from the Trump administration have the potential to alter the Fed’s course. But with more Fed rate cuts possibly arriving this year, today’s CD rates could be the best you’ll see for some time—making now a smart time to lock in the best rate that suits your personal timeline.

Daily Rankings of the Best CDs and Savings Accounts

We update these rankings every business day to give you the best deposit rates available:

Important

Note that the “top rates” quoted here are the highest nationally available rates Investopedia has identified in its daily rate research on hundreds of banks and credit unions. This is much different than the national average, which includes all banks offering a CD with that term, including many large banks that pay a pittance in interest. Thus, the national averages are always quite low, while the top rates you can unearth by shopping around are often five, 10, or even 15 times higher.

How We Find the Best CD Rates

Every business day, Investopedia tracks the rate data of more than 200 banks and credit unions that offer CDs to customers nationwide and determines daily rankings of the top-paying certificates in every major term. To qualify for our lists, the institution must be federally insured (FDIC for banks, NCUA for credit unions), the CD’s minimum initial deposit must not exceed $25,000, and any specified maximum deposit cannot be under $5,000.

Banks must be available in at least 40 states. And while some credit unions require you to donate to a specific charity or association to become a member if you don’t meet other eligibility criteria (e.g., you don’t live in a certain area or work in a certain kind of job), we exclude credit unions whose donation requirement is $40 or more. For more about how we choose the best rates, read our full methodology.

​Currently, at $0.20, Rexas Finance (RXS) is fast becoming popular as a good substitute for Ripple (XRP). One analyst has made a wild forecast: an explosive 17,044% increase to $34 by the end of 2025. This would give early investors life-changing rewards and help Rexas Finance rank among the top 15 cryptocurrencies by market capitalization. With its unique emphasis on real-world asset (RWA) tokenization, Rexas Finance is positioning itself as a disruptive player in the blockchain sector, potentially surpassing XRP in long-term expansion.

Rexas Finance (RXS): The Token Set for a 17,044% Surge, According to Analyst Forecasts

Real-world asset tokenization, a fast-growing area predicted to become a multi-trillion-dollar business in the following years, is the main driver behind Rexas Finance’s great growth projection. Rexas Finance is leading a sector that might entirely change world finance by offering a blockchain-based asset ownership solution. Early investors of Rexas Finance (RXS) enjoyed an outstanding 6.67x ROI. Driven by growing usage and the platform’s real-world asset tokenizing approach, this increase indicates great market trust. With its presale bringing over $47.5 million and more than 91% of allocated tokens already sold, RXS has momentum. This early adoption of great strength indicates great investor trust. Moreover, its official listing on significant exchanges is set for June 19, 2025—a decision that would significantly boost market liquidity and visibility, thus driving price increases. Should Rexas Finance achieve its expected $34 valuation, its market capitalization will enter the tens of billions and rank among the top 15 cryptocurrencies by market value.  Projects like XRP occupy that tier right now; their market capitalization as of early 2025 is over $140 billion.

How Rexas Finance (RXS) Stands Out from Ripple (XRP)

With its fast transaction speed of 1,500 events per second and strong financial network via RippleNet, which is trading at  $2.44 as of writing, Ripple (XRP) has long dominated the cross-border payments space. Rexas Finance presents a different value proposition, allowing tangible items such as fine art, commodities, and real estate tokenization. Rexas Finance usually opens unreachable markets for regular investors by removing ownership constraints. The potential upside is significantly more significant than the anticipated range of $3.75 to $6.87, given its current price of $0.20.  Ripple mainly concentrates on institutional banking and cross-border payments; Rexas Finance, by asset tokenization, is meant for institutional and retail investors. This more general use case allows Rexas Finance to benefit uniquely when entering several financial markets.Rexas Finance stands out partly for its Rexas Token Builder and QuickMint Bot. These solutions facilitate turning real-world assets into tradable digital tokens, enabling asset tokenization for consumers without technical knowledge. Conversely, XRP mainly serves financial entities instead of personal investors. Rexas Finance is built on Ethereum, unlike Ripple, which runs on a more centralized blockchain (Ripple Ledger); it is gaining from Layer 2 scalability solutions. Faster processing speeds and reduced transaction fees guarantee that Rexas Finance is more competitive in the changing blockchain scene. For those ready for more risk, Rexas Finance (RXS) at $0.20 offers a rare chance for exponential growth. Should the analyst’s 17,044% price explosion projection come to pass, a $1,000 investment now might become over $171,000 by 2025. For those looking for a high-upside crypto bet, Rexas Finance is an excellent option since this degree of growth much exceeds the expected returns of XRP. Still, you should exercise caution. Although Rexas Finance’s asset tokenizing approach has excellent foundations, its future success relies on exchange acceptance, legal clarity, and ongoing market interest.

Conclusion 

Rexas Finance is looking to be among the most exciting blockchain projects of 2025, with its special emphasis on real-world asset tokenizing, strong Ethereum-based ecosystem, and forthcoming exchange listings. Should it fulfill its road map and seize the multi-trillion-dollar RWA market, the aspirational $34 price objective might not be unrealistic. Rexas Finance stays a high-risk, high-reward investment for now. Should the analyst’s forecast be accurate, Rexas Finance might become a major player in the crypto industry, maybe surpassing XRP in utility and market ranking.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance ​

Disclaimer: The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets. Past returns do not always guarantee future profits.

Microchip Technology (MCHP) shares could remain on watchlists after tumbling Thursday to lead chip stocks lower during a broad post-rally sell-off for U.S. equities. 

Chip stocks such as Microchip, which makes silicon used in everything from consumer electronics to automotive systems, have remained particularly volatile against a backdrop of tariff uncertainty that has weighed heavily on consumer and business confidence, both key customers that drive chipmakers’ earnings.

Microchip shares gave back about half of the previous session’s record gains on Thursday, falling 14% to $38.81. Since the start of the year, the stock has lost around a third of its value, compared to the Nasdaq Composite’s 15% drop over the same period.

Below, we analyze the technicals on Microchip’s weekly chart and identify important price levels that investors may be watching out for.

Price Swings Continue

Selling in Microchip shares has accelerated after the 50-week moving average (MA) crossed below the 200-week MA in early March to form a death cross, a chart pattern that signals lower prices.

More recently, the stock’s volatility has increased significantly since last week’s tariff-induced 25% sell-off, with sizeable swings in both directions. Importantly, this week’s price gyrations have occurred on the highest trading volume since February 2017 as investors take bets on the chipmaker’s next move.

Meanwhile, the relative strength index confirms bearish price momentum, though the indicator remains in oversold territory, potentially attracting short covering and buy-a-bounce investors.

Let’s apply technical analysis to identify important support and resistance levels on Microchip’s chart.

Important Support Levels to Watch

The first lower level to watch sits around $34. This area on the chart would likely attract significant attention near this week’s low, which also closely aligns with the December 2018 trough. A bounce here could indicate the completion of an Elliot Wave pattern with five price swings.

A breakdown below this area could see the shares revisit lower support at the psychological $30 level. Bargain hunters may be on the lookout for buy-and-hold opportunities in this location near the October 2018 swing low and March 2020 pandemic trough.

Key Resistance Levels to Monitor

Upon further upswings, investors should keep tabs on the $50 level. Tactical traders who bought at lower prices may decide to lock in profits in this region near a trendline that connects the February low with a range of corresponding trading activity on the chart between April 2019 and September 2020.

Finally, buying above this level could see Microchip shares climb to around $56. This area on the chart would likely provide overhead resistance near multiple peaks and troughs on the chart stretching back to early 2020.

The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info.

As of the date this article was written, the author does not own any of the above securities.

Major U.S. equities indexes resumed their downtrend on Thursday, ceding some of the big gains posted in Wednesday’s session. Relief over President Trump’s decision to postpone higher tariffs on trading partners around the world gave way to concerns about escalating tensions with China, with the White House confirming that the levy on goods from the country now stands at 145%.

The S&P 500 slid 3.5%. The Dow ended the session 2.5% lower, while renewed weakness among tech stocks pressured the Nasdaq, which fell 4.3%. 

Shares of health care diagnostics and drug discovery services provider Charles River Laboratories (CRL) plummeted 28.1%, the steepest decline of any S&P 500 stock on Thursday. The downturn came after Barclays analysts cut their price target on the stock, suggesting that potential pharmaceutical tariffs could weigh on budgets in the industry and stifle Charles River’s performance.

Carmax (KMX) shares plunged 17% after the used-car retailer reported lower-than-expected sales and profits for its fiscal fourth quarter. The company opted not to provide specific financial forecasts for fiscal 2026 and stepped away from its previously announced long-term growth targets, noting that macroeconomic factors could affect its timeline for reaching those objectives. Analysts have suggested that tariffs could result in higher prices for new and used vehicles.

After yesterday’s blistering rally for semiconductor stocks, downward pressure on chipmakers resumed on Thursday. A day after securing the S&P 500’s top performance, shares of microprocessor manufacturer Microchip Technology (MCHP) tumbled 13.6%. Shares of power module specialist Monolithic Power Systems (MPWR) also gave back a portion of Wednesday’s strong gains, falling 13.7%.

Warner Bros. Discovery (WBD) shares lost 12.5% after the China Film Administration said it would cut down the number of American films imported into the country as trade tensions escalate between the world’s two largest economies. The entertainment giant announced late last year that it would split its TV business from its streaming and film operations.  

Gold futures prices advanced more than 3% as tariff-related uncertainty boosted demand for the precious metal, which is often seen as a safe-haven investment during periods of economic turbulence. The price uptick helped lift gold-mining stocks. Shares of Newmont (NEM), the world’s top gold producer, notched the strongest gain in the S&P 500, jumping 4.5%.

Shares of fixed-income trading platform operator MarketAxess Holdings (MKTX) advanced 3.5% on Thursday, recovering from a slight decline posted in the prior session. Earlier this week, analysts at Morgan Stanley upgraded MarketAxess stock to “overweight” from “equal weight,” indicating that the need to hedge against risk in the current economic environment could drive additional trading volume for exchanges.

Kroger (KR) shares gained 3.1% on Thursday. When releasing its latest earnings report in early March, the operator of the largest chain of traditional grocery stores in the U.S. said it anticipates a relatively limited impact from tariffs, highlighting plans to diversify its supply chains, negotiate with suppliers, and source products from countries facing lower levies.

In 1913, John D. Rockefeller’s fortune peaked at an estimated $900 million (about $29.3 billion in today’s dollars). In 2024, the Rockefeller family’s estimated net worth was $10.3 billion. What has happened to the money?

Family Trusts

In 1934, John D. Rockefeller Jr. set up irrevocable trusts for his children and then did the same for his grandchildren in 1952. These trusts allowed the largely tax-free transfer of wealth through the generations.

Now, the Rockefeller fortune is divided among about 200 family members. Some of the family’s wealth is also managed by Rockefeller Capital Management, where John D. Rockefeller’s great-grandson, David Rockefeller Jr., is a former chairperson and current board member.

Over the generations, much of the family’s wealth has been contributed to philanthropic causes.

A Philanthropic Legacy

Philanthropy has always been a major part of the Rockefeller legacy. For example, John D. Rockefeller helped establish the University of Chicago by providing a large portion of the initial endowment. Between 1890 and 1910, he contributed $35 million to the university.

From 1901 to 1909, Rockefeller established various institutions and initiatives relating to medicine, education, and public health. In 1901, he founded the Rockefeller Institute for Medical Research (which would eventually become Rockefeller University). By the 1930s, his gifts to the Institute totaled $50 million.

In 1902, he created the General Education Board to promote national education “without the distinction of race, sex or creed.” In 1919, he donated $50 million to the cause to raise academic salaries, which were very low then.

In 1909, he established the Rockefeller Sanitary Commission for the Eradication of Hookworm Disease, which launched a public health campaign across 11 states.

In 1913, Rockefeller incorporated the Rockefeller Foundation with the following statement of purpose: “To promote the well-being of mankind throughout the world.”

Shortly after, he made gifts to the Foundation totaling $35 million. A year later, he did so again, but this time, totaling $65 million. Today, the foundation has a worldwide impact, focusing on energy, food, health, and innovation efforts.

Rockefeller’s commitment to philanthropy was such that, when he died in 1937, his estate was worth $26,410,837. However, he also passed much of his wealth to his son and other heirs.

Rockefeller’s last surviving grandson, David Rockefeller, continued his commitment to philanthropy in many different ways during his lifetime, including signing the Giving Pledge to give away more than half of his wealth. His son, David Rockefeller Jr., is currently heavily involved in the family’s wealth management and philanthropic giving. He served as chairperson for four different Rockefeller foundations over the years.

The Bottom Line

Many of the foundations established by Rockefeller family members are still going strong today. For example, the Rockefeller Foundation, the Rockefeller Brothers Fund, and the David Rockefeller fund have a combined endowment of over $5 billion. 

David Rockefeller Jr. attributes the family’s philanthropic impact to their commitment to shared values and practices. As he told CNBC, “I think the family has tried its best to live those values, to whom much is given, much is expected.”

The full article continues below these offers from our partners.

Next Rate for Existing I Bonds Can Now Be Calculated

I bonds are so named because they’re calibrated to inflation. Whenever inflation rises, I bonds pay more. If you now own I bonds, there’s a good chance you bought them within the last two to three years, when decades-high U.S. inflation pushed I bond returns to their highest levels.

The annual rate of inflation as tracked by the Consumer Price Index (CPI) has cooled from a high of 9.1% in June 2022 to 2.4% in the March 2025 reading, which was released this morning. As inflation has decreased, I bond rates have also fallen, making them a less competitive savings option.

With the latest CPI reading, Investopedia can now calculate what the next 6-month interest rate will be for existing I bonds, due for release by the U.S. Treasury on May 1. Each year on May 1 and Nov. 1, the Treasury announces new rates for the following six months.

To understand how this works, here’s a quick primer on I bond rates, which consist of two components:

1. The first component is a fixed rate, which is assigned to every I bond based on its issue date. This rate is permanently fixed for the life of your I bond, up to its 30-year maturity date.
2. The second component is the inflation rate, which is adjusted twice a year based on the last six monthly CPI readings.

Adding these two components together gives you a close estimate (within a few basis points) of the 6-month composite rate the Treasury will announce in three weeks.

To calculate your particular I bond’s upcoming composite rate, you’ll need to know your fixed rate, and what the latest inflation component is. In this article, we’ve done the math for you. See below for all I bonds issued since November 2021. By finding your bond’s issue date in the first column, you can see in the last column what your next 6-month rate will be.

Note that while the Treasury is set to announce these new rates on May 1, the month the new rate will begin for you is based on the month your I bond was issued. Only people with I bonds purchased in May or November (of any year) will earn the new rate indicated above on May 1. For other issue dates, the start of the new rate will be delayed according to this schedule.

How Much Will Your New Rate Increase vs. Your Existing Rate?

Because inflation has persisted over the last six months, we calculate that the new inflation component of I bond rates will rise almost a percentage point. So for anyone who bought during the particularly popular I bond period of May through October 2022, their current rate of 1.90% will climb to about 2.84%. You can see how the new rate compares to the current rate for several issue dates below.

Want to know how the upcoming rate compares to past periods? The table below lays out the various 6-month rates each I bond has earned through its life cycle.

Consider Moving Your Money to a CD to Earn More

With new I bond rates for recent issues ranging from 2.84% to 4.14%, you can earn more on your savings elsewhere. For example, dozens of nationally available certificates of deposit (CDs) are paying rates in the mid-4% range, with the nationwide leader offering as much as 4.65% APY.

This means cashing out your I bonds (which you can do after owning them for at least 12 months) and moving the money into a top-paying CD could boost your interest rate by 1 to 2 percentage points, or more, though you’ll incur a penalty if your I bond is younger than five years old. The penalty is equal to three months of your latest interest earnings.

Another reason to swap I bond money for a CD is that it adds more certainty to your future returns. Unlike an I bond, with its rate that changes twice a year, a CD you open today will lock in its APY for the full duration of the certificate term. So if you open a multi-year CD, you’ll know your rate is guaranteed for two, three, or even five years down the road.

The Best Day of the Month to Cash Out I Bonds

Monthly I bond interest payments from the U.S. Treasury are paid right away on the first day of the month, and not again until the first of the next month. So once you’ve collected interest for a particular calendar month, say on the upcoming May 1, there are no additional earnings to be gained by holding the funds any longer during November.

Also, if you’re going to move your I bond funds elsewhere, withdrawing on May 1 allows you to receive the May interest payment and then start earning interest as quickly as possible on that money elsewhere, such as a CD or high-yield savings account.

Even if you simply want to cash out and use your I bond funds, there’s no financial gain from waiting beyond the first of the month for your withdrawal.

How We Find the Best Savings and CD Rates

Every business day, Investopedia tracks the rate data of more than 200 banks and credit unions that offer CDs and savings accounts to customers nationwide and determines daily rankings of the top-paying accounts. To qualify for our lists, the institution must be federally insured (FDIC for banks, NCUA for credit unions), and the account’s minimum initial deposit must not exceed $25,000.

Banks must be available in at least 40 states. And while some credit unions require you to donate to a specific charity or association to become a member if you don’t meet other eligibility criteria (e.g., you don’t live in a certain area or work in a certain kind of job), we exclude credit unions whose donation requirement is $40 or more. For more about how we choose the best rates, read our full methodology.

Written by Steven Dooley, Head of Market Insights, and Shier Lee Lim, Lead FX and Macro Strategist

China faces steep US tariffs as markets show resilience

The USD weakened broadly as risk-off sentiment dominated markets amid escalating US-China trade tensions.

The USD index dipped below 101.00 before firming slightly higher by the New York close, extending its decline against most currencies.

The euro was a standout performer, climbing more than 2% to 1.1190, supported by the EU’s decision to delay metal counter-tariffs for 90 days.

The Chinese yuan displayed surprising strength despite confirmation of a 145% US tariff (125% reciprocal + 20% fentanyl), with USDCNH falling 0.45% to 7.3130 during New York hours.

The Australian dollar experienced choppy trading between 0.6180 and 0.6250 throughout the New York session.

In safe havens, the Swiss franc surged 4% while Japanese yen made modest gains as investors sought protection from market volatility.

The S&P 500 fell 3.5% and the tech-heavy Nasdaq dropped 4%, with US Treasury yields rising at the long end despite a strong 30-year bond auction.

US CPI drops below consensus expectations

US inflation came in surprisingly low for March, with headline CPI decreasing 0.05% month-over-month and core CPI rising just 0.06% – both significantly below market consensus.

While housing costs continued to climb with Owner’s Equivalent Rent reaching its highest level since October, this was offset by decreases in transportation services (-1.4%) and used car prices (-0.7%).

For USD/SGD in APAC FX, the pair has corrected to near five-month lows, and the next key support lies at 1.3268.

Conversely, next daily key resistance lies at 200-day EMA of 1.3398, where SGD buyers may look to take advantage.

Aussie jumps on trade pause, but risks remain 

The AUD/USD jumped around 5.0% from its Wednesday lows after President Trump’s decision to pause the “reciprocal” components of his tariff plan.

However, risks clearly remain for the Australian dollar. The Aussie’s recent underperformance during the market’s trade worries is similar to its struggles during the US-China trade war in 2018-19.

During that period, between the January 2018 initial tariff announcement on solar panels and washing machines to the January 2020 “phase one” agreement, the AUD/USD fell from above 0.8000 to below 0.6700.

For now, in the short term, markets will be looking to the key technical level at 0.6200. While the AUD/USD remains below this level, the Aussie will be pressured. A move above this level turns the outlook more positive.

Antipodeans up overnight

Table: seven-day rolling currency trends and trading ranges  

Key global risk events

Calendar: 7 — 11 April

Have a question? [email protected]

*The FX rates published are provided by Convera’s Market Insights team for research purposes only. The rates have a unique source and may not align to any live exchange rates quoted on other sites. They are not an indication of actual buy/sell rates, or a financial offer.

Analysts lowered targets for Tesla on Thursday amid concerns that tariffs will weaken the broader auto industry.

UBS cut its target price for Tesla (TSLA) to $190, estimating that the electric car manufacturer’s vehicle deliveries will fall 11% in 2025. Mizuho analysts said tariffs will increase Tesla prices and erode an already-weakening demand, lowering its target price to $375. A consensus analyst estimate puts Tesla shares somewhere in the middle, at around $327, or nearly 30% above Thursday’s closing price, according to Visible Alpha.

“While lower estimates for 2025 are now more broadly expected, we believe the whole trajectory of earnings for [Tesla] remains too high…” UBS wrote in a note Thursday, adding that shares will likely “be volatile but downward sloping.”

Tesla shares and the broader market have oscillated in recent days amid shifts in U.S. trade policy. CEO Elon Musk’s work slashing government spending has also influenced the car maker’s stock prices. Shares finished down more than 7% on Thursday but were still up more than 40% from a year earlier.

Although the Trump administration scaled back tariffs this week on a number of U.S. trading partners, goods from China, including car batteries and their components, 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%, Mizuho estimated.

“While a reduction in reciprocal tariffs helps reduce recession/demand destruction risk, we point out that the auto tariffs are sector specific, not subject to individual country trade negotiations,” UBS said. “In our view, they are likely to remain for the foreseeable future.”

Trade Policies May Usher in ‘New Era’ for Auto Industry

Sector-specific tariffs will likely add an average of $5,000 to car costs and depress domestic demand by 9%, according to UBS analysts, who factored in the current 25% tariff on cars and the 25% import tax on parts slated to go into effect early next month. The trade policies may usher in “a new era” for the U.S. auto industry, UBS said.

“Production disruptions are likely…and supply chains that were set up to be optimized over decades may need to be reimagined,” said UBS.

Tariffs may also reduce General Motors’ (GM) domestic annual revenue by 4% and Rivian Automotive’s (RIVN) by 3.5%, Mizuho estimated. Both Mizuho and UBS lowered their price targets for GM and Rivian’s stock, along with several auto suppliers.

General Motors fell 4%, and Rivian shares declined 2.6% on Thursday.