JPMorgan Warns of 60% Crash in Tesla (TSLA) Stock
Investors in Tesla (TSLA) are growing increasingly wary following a stark warning from JPMorgan analysts. The firm reiterated its sell rating on TSLA stock, slapping a $145 price target—implying a potential 60% plunge from current levels. Tesla shares have already tumbled nearly 20% year-to-date, despite a 50% surge over the past 12 months.
JPMorgan's Ryan Brinkman highlighted collapsing expectations for Tesla's performance across all financial metrics. "The +50% rise in Tesla shares amid deteriorating fundamentals suggests misplaced optimism about a future pivot," Brinkman noted. First-quarter deliveries of 358,023 vehicles fell short of estimates, underscoring execution risks as the company shifts focus away from autonomous vehicles.
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