JP Morgan Warns of Significant Tesla Stock Decline Amid Weak Deliveries and Competition

JP Morgan has issued a warning to investors about Tesla, maintaining an 'Underweight' rating and a $145 price target, citing concerns over weak Q1 deliveries, record inventory of unsold cars, and fierce competition, particularly from China's BYD.

12 Apr, 05:55 — 12 Apr, 05:55

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Times of IndiaMostly Factual144d ago

Tesla stock could lose 60% of its value, JP Morgan warns: Why it might get even worse

JP Morgan warns investors about Tesla, maintaining an 'Underweight' rating and a $145 price target. Concerns stem from weak Q1 deliveries, a record inventory of unsold cars, and fierce competition, especially from China's BYD. Tesla's aggressive price cuts are losing effectiveness, impacting margins and cash flow. Future growth hinges on unproven robotaxi and robot ventures, facing significant execution risks.

By TOI TECH DESK

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JP Morgan Warns of Significant Tesla Stock Decline Amid Weak Deliveries and Competition

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Tesla stock could lose 60% of its value, JP Morgan warns: Why it might get even worse

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