JPMorgan Sees $145 Price Target for TSLA Amid Bearish Outlook

JPMorgan has reaffirmed its bearish outlook on Tesla (TSLA) as the electric vehicle manufacturer prepares to report its first-quarter earnings. The firm continues to maintain an Underweight rating on the stock, citing ongoing concerns regarding the company's financial trajectory.

Analysts at JPMorgan pointed to a combination of disappointing vehicle delivery figures and downward revisions to earnings-per-share (EPS) estimates as the primary drivers behind their cautious stance. Looking further ahead, the investment bank holds a price target of $145 for Tesla shares, projecting that level to be reached by 2026. This outlook underscores the firm's skepticism regarding Tesla's near-term growth catalysts and performance metrics in an increasingly competitive automotive market.