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JP Morgan is very worried about Tesla stock, sees it crashing 60% 'mainly due to' China, which continues to…
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JP Morgan is very worried about Tesla stock, sees it crashing 60% 'mainly due to' China, which continues to…
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, [...]
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