JPMorgan reiterates underweight on Tesla, cuts Q2 delivery forecast due to weak demand

From Financial Modeling Prep: 2025-07-01 16:20:00

JPMorgan reiterates Underweight rating and $115 price target on Tesla, citing weak demand and forecasting a 19% year-over-year decline in Q2 deliveries to 360,000 vehicles, 8% below consensus.

Analysis of May sales trends and third-party estimates lead to new forecast, 6.5% below Tesla’s compiled consensus. Revised estimate reflects concerns about demand softness impacting stock performance.

JPMorgan’s updated view includes reliable data from key markets like Europe and insurance registration data for China. The firm’s cautious stance on Tesla is reinforced by worries about persistent demand softness affecting volumes and financial results.



Read more at Financial Modeling Prep:: JPMorgan Reiterates Underweight on Tesla, Cuts Q2 …