JPMorgan cuts Tesla price target, sees stock getting slashed in half
- JPMorgan analysts stated that Tesla has experienced significant reputational damage recently, comparable to past boycotts of Japanese and South Korean automakers in China due to political tensions.
- Tesla's first-quarter deliveries are now estimated at 355,000, down from an earlier forecast of 444,000, indicating a year-over-year drop, according to JPMorgan.
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Elon Musk's Tesla Suffers Historic 50% Drop in Share Price Since December
A dramatic 50 percent plunge in Tesla stock since December has rattled investors, leading analysts at JPMorgan to write, "We struggle to think of anything analogous in the history of the automotive industry, in which a brand has lost so much value so quickly."
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Leaning Left3Leaning Right2Center5Last UpdatedBias Distribution50% Center
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