Tesla stock could lose 60% of its value, JP Morgan warns: Why it might get even worse

 JP Morgan warns investors about Tesla, maintaining an ‘Underweight’ rating and a $145 price target. Concerns stem from weak Q1 deliveries, a record inventory of unsold cars, and fierce competition, especially from China’s BYD. Tesla’s aggressive price cuts are losing effectiveness, impacting margins and cash flow. Future growth hinges on unproven robotaxi and robot ventures, facing significant execution risks. JP Morgan warns investors about Tesla, maintaining an ‘Underweight’ rating and a $145 price target. Concerns stem from weak Q1 deliveries, a record inventory of unsold cars, and fierce competition, especially from China’s BYD. Tesla’s aggressive price cuts are losing effectiveness, impacting margins and cash flow. Future growth hinges on unproven robotaxi and robot ventures, facing significant execution risks.