Author：Crypto Falcon
Investors in Tesla (TSLA) are growing concerned after a recent stock forecast provided by analysts at JPMorgan on Monday. JPMorgan analyst Ryan Brinkman wrote in a note that the company’s performance in terms of deliveries and focus shift away from autonomous vehicles does more harm than good.
“With expectations for Tesla performance having collapsed for all financial and performance metrics across all time periods through the end of the decade, the +50% rise in Tesla shares and +32% increase in analyst price targets as this collapse has taken place implies an expectation for a sharp pivot to materially better than earlier expected performance in the time beyond this decade,” the analyst wrote Monday. “We advise investors to cautiously approach this expectation within the context of both execution risk and the time value of money,” he added.
Furthermore, JPMorgan also reiterated a sell rating on TSLA stock and a $145 price target. This forecasts Tesla’s stock to plunge about 60% from current levels. At press time, TSLA is down almost 20% YTD, but remains up 50% in the last 365 days. Tesla delivered 358,023 vehicles in the first quarter, missing analyst estimates of roughly 366,000 to 370,000 units. Although this represents a 6.3% increase year over year, the growth came from a depressed baseline, and the absolute numbers showed a significant sequential decline from the record-breaking fourth quarter of last year.
Outside of JPMorgan, other top Wall Street firms are also bearishly revising their forecasts for Tesla (TSLA). Tesla stock fell 5.4% on Thursday after the company reported Q1 2026 deliveries of 358,023 vehicles, missing Wall Street’s consensus of roughly 365,645 units by about 7,600. Production reached 408,386 vehicles, leaving an inventory surplus of more than 50,000 units and raising demand concerns. Energy storage deployments came in at 8.8 GWh, down 38% from Q4 2025’s record 14.2 GWh. The Goldman Sachs price target for Tesla TSLA was cut following the report, as was Truist’s, with both firms holding their Hold ratings.
