JPMorgan Predicts 60% Tesla Share Plunge With $145 Target
JPMorgan analyst Ryan Brinkman reiterated a Sell rating on Tesla with a $145 target implying a 60% share decline, citing execution risk and delayed performance until beyond this decade. Tesla missed Q1 delivery estimates with 358,023 vehicles versus 366,000–370,000 expected, while South Korean registrations jumped 330% to 11,134 in March.
1. JPMorgan Sell Rating And $145 Target
Analyst Ryan Brinkman reiterated a Sell rating on Tesla and set a $145 price target that implies a roughly 60% share price decline. He warned that expectations for a significant performance inflection have collapsed and may not materialize until well beyond this decade, raising execution risk.
2. Q1 Delivery Shortfall
Tesla delivered 358,023 vehicles in the first quarter, missing analyst estimates of 366,000–370,000 units. Despite a 6.3% year-over-year increase, deliveries fell sequentially from Q4, reflecting persistent demand headwinds and tougher financing conditions.
3. South Korea Registrations Surge
In March, Tesla saw registrations in South Korea surge 330% year over year to 11,134 vehicles. This sharp increase demonstrates strong local demand even as broader regional EV competition intensifies.
4. NHTSA Closes Probe After Software Fixes
The U.S. regulator closed its investigation into Tesla’s 'Smart Summon' feature after the company deployed software updates addressing safety and continuous supervision requirements. The closure removes a potential regulatory overhang on the stock.