US EditionTesla's Unsold Cars Hit Record High, Could Send Stock Price Down 60%, Warns Analyst
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.2 Articles
2 Articles
Tesla, the electric carmaker of billionaire Elon Musk, is starting April with bad news. In the first quarter of this year, the company sold 358,000 cars, 4 percent less than the average forecast of analysts. JPMorgan Bank missed its forecast by 7 percent. Therefore, the bank’s analyst Ryan Brinkman predicted that Tesla’s share price will fall to $145 by the end of this year. This is about 60 percent lower than today’s level. Brinkman explained t…
JP Morgan warned that Tesla’s shares are expected to plummet by up to 60% in this 2026 due to the low performance expectations that Elon Musk’s automotive company has had. The firm has expressed its expectations that the electric car manufacturer will experience a fall in all its financial and performance metrics until the end of this decade, which would imply a sharp twist in what is expected by analysts and investors. We advise investors to ad…
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
