$Tesla(TSLA.US) - JPMORGAN SAYS TESLA DEMAND WEAKNESS LIKELY CONTINUED IN SECOND QUARTER
JPMorgan: Tesla demand likely stayed weak in Q2, expecting deliveries of 360K (-19% y/y), below the 392K consensus. The firm sees “material risk” to full-year delivery targets, with current H2 expectations requiring an unusually sharp rebound. Affordability issues and potential EV credit cuts add pressure. JPMorgan cut its 2025 EPS forecast to $1.75 (from $2.07) and 2026 to $2.40 (from $2.85), expecting the downtrend in estimates to continue.The copyright of this article belongs to the original author/organization.
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