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The investment bank maintained its $145 price target.
JPMorgan reports a record surge in Tesla's unsold vehicles, signaling demand concerns.
KEY POINTS
- 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
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