By Xavier Rivera· ·1 min read
JPMorgan Targets Tesla at $145, Sees 60% More Downside
JPMorgan analyst Ryan Brinkman holds an Underweight rating on Tesla with a $145 price target, implying 60% downside from current levels after a 20% YTD drop. The call highlights Tesla's Q1 delivery shortfall and record inventory pileup, questioning the EV giant's growth trajectory amid fierce competition.
Source:Electrek
JPMorgan analyst Ryan Brinkman warns Tesla faces another 60% stock plunge, reiterating an Underweight rating with a $145 price target that slices today's trading level in half.
Tesla shares have already shed 20% year-to-date through early 2026, hammered by a Q1 delivery miss and the largest single-quarter inventory buildup in company history. Deliveries fell short of Wall Street expectations, signaling weakening demand for Tesla's EVs amid rising competition and economic headwinds.
This bearish call from JPMorgan arrives as Tesla grapples with production gluts at its factories. Excess inventory underscores fears that Elon Musk's aggressive expansion outpaced buyer appetite, particularly as Chinese rivals like BYD undercut on price and legacy automakers ramp up EV lineups.
The outlook challenges Tesla's aura of invincibility. Investors once bet on its autonomous driving moonshot and energy storage growth, but repeated delays in Full Self-Driving and softening Cybertruck sales erode that narrative. A sustained downturn could force cost cuts or strategic pivots.
For the EV sector, JPMorgan's verdict amplifies doubts about near-term growth. Tesla's woes ripple to suppliers and competitors, potentially cooling the green tech rally that propelled the industry for years.
Tesla's next quarterly report looms in July. Strong robotaxi updates or delivery rebounds could blunt the pessimism, but Brinkman's note signals investors should brace for turbulence ahead.
Tesla shares have already shed 20% year-to-date through early 2026, hammered by a Q1 delivery miss and the largest single-quarter inventory buildup in company history. Deliveries fell short of Wall Street expectations, signaling weakening demand for Tesla's EVs amid rising competition and economic headwinds.
This bearish call from JPMorgan arrives as Tesla grapples with production gluts at its factories. Excess inventory underscores fears that Elon Musk's aggressive expansion outpaced buyer appetite, particularly as Chinese rivals like BYD undercut on price and legacy automakers ramp up EV lineups.
The outlook challenges Tesla's aura of invincibility. Investors once bet on its autonomous driving moonshot and energy storage growth, but repeated delays in Full Self-Driving and softening Cybertruck sales erode that narrative. A sustained downturn could force cost cuts or strategic pivots.
For the EV sector, JPMorgan's verdict amplifies doubts about near-term growth. Tesla's woes ripple to suppliers and competitors, potentially cooling the green tech rally that propelled the industry for years.
Tesla's next quarterly report looms in July. Strong robotaxi updates or delivery rebounds could blunt the pessimism, but Brinkman's note signals investors should brace for turbulence ahead.
TeslaStock MarketJPMorganEV