JPM Warns: Is $145 PT for Tesla Meaning 60% Downside?
JPMorgan slapped a $145 price target on TSLA (Sell rating), calling ~60% downside, after Tesla missed Q1 deliveries by ~7,600 units and built a 50,000-unit inventory surplus.
That is a sharp bear call, but the real tension is whether this is a temporary delivery stumble or a bigger demand problem the market still has not priced in.
Is JPM too bearish here, or is TSLA still trading on old expectations? Buy the dip, or wait?
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