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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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Quartz broke the news in United States on Wednesday, March 12, 2025.
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