There are risks ahead for chip company Wolfspeed analysts at Mizuho argued, and part of that has to do with electric vehicles. Analysts led by Vijay Rakesh downgraded shares of Wolfspeed to Underperform from Neutral, reduced estimates for revenue and margins, and cut their price target to $8 from $17. First, estimates for global electric vehicle sales in the second half of this year and 2025 have dialed back, according to S&P Global, analysts explained.