JPMorgan just issued a terrifying warning to Tesla investors: the stock could plunge 60%.
The bank reiterated its "Underweight" rating and a $145 price target—a 60% drop from current levels. Why the bearish outlook? Record unsold inventory. Tesla produced over 50,000 more cars than it delivered in the first quarter of 2026, the largest inventory build in any quarter ever.
While production has jumped 80% since early 2023, sales have actually fallen 15%. Yet the stock has climbed about 50% since mid-2022. JPMorgan says investors are betting on future promises—like robotaxis and humanoid robots—while ignoring declining car sales.
"Expectations for Tesla performance have collapsed," the analyst wrote. But the stock keeps rising on hope beyond this decade. The bank says caution is warranted. 📉🚗🔋
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