BUZZ-Tesla shares fall; JP Morgan expects weak EPS outlook, warns of execution risks

Reuters04-06 23:53
BUZZ-<a href="https://laohu8.com/S/TSLA">Tesla</a> shares fall; JP Morgan expects weak EPS outlook, warns of execution risks

** Tesla TSLA.O shares fall 1.54% to $355.02

** J.P.Morgan retains its "underweight" rating and $145 price target but lowers EPS estimates following Q1 2026 deliveries

** PT represents a nearly 60% downside to the stock's last close

** Tesla shares have jumped despite sharply lower decade‑end performance expectations, implying optimism for a post-decade turnaround that we view cautiously given execution risks and the time value of money - J.P.Morgan

** Brokerage cuts EPS outlook for 2026 end to $1.8 from $2.0, below consensus of $1.95

** Last week, Tesla said it delivered 358,023 vehicles in the January-March period, compared with analysts' average estimate of 368,903 vehicles, according to Visible Alpha data

** 24 of 54 brokerages rate the stock "buy" or higher, 20 "hold" and 10 "sell" or lower; their median PT is $420 - data compiled by LSEG

** TSLA stock down 21.4% YTD

(Reporting by Kanchana Chakravarty in Bengaluru)

((Kanchana.Chakravarty@thomsonreuters.com;))

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment