JPMorgan Cuts Tesla EPS Estimates, Citing Slowing EV Growth and Roadster Delay
TSLA sits 43% above its 52-week low of $273.21.
Summary
JPMorgan raised its price target for Tesla to $475 but significantly cut 2027 EPS estimates, citing slowing EV growth and tightening margins due to increased competition. The report also noted a further delay for the next-gen Roadster demo to August, continuing a pattern of launch schedule revisions. This analysis introduces a more cautious outlook on Tesla's core EV business, contrasting with recent positive news regarding Q1 2026 financial results and strategic pivots towards AI and robotics. The downgrade in future earnings expectations and concerns over core business growth could impact investor sentiment.
At the time of this announcement, TSLA was trading at $391.32 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.5T. The 52-week trading range was $273.21 to $498.83. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Wiseek News.