# The investment bank maintained its $145 price target.

*business · news · 2026-04-06 · CNBC*

## Key points

- JPMorgan reports a record surge in Tesla's unsold vehicles, signaling demand concerns.
- JPMorgan cut its 2026 Tesla earnings per share forecast to $1.80, below consensus estimates.
- Tesla delivered 358,000 vehicles in Q1, missing analyst expectations of 370,000.
- JPMorgan maintains a $145 price target for Tesla, implying about 60% downside from current levels.

**Companies:** Tesla, JPMorgan
**Countries:** United States

[Read the full story on CNBC](https://www.cnbc.com/2026/04/06/tesla-is-down-sharply-in-2026-jpmorgan-sees-even-more-declines-ahead.html)

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