In a move that highlights the challenges facing Tesla, JPMorgan Chase analyst Ryan Brinkman has revised downward both the profit estimates and price target for the electric vehicle maker. This adjustment stems from a notable deterioration in Tesla's delivery projections and an unprecedented rapid erosion of its brand value within the automotive industry. Brinkman's projections now indicate that Tesla's first-quarter deliveries will likely total around 355,000 units, a significant drop from the previously anticipated 444,000 units. Furthermore, the earnings per share (EPS) for the first quarter are forecasted at 40 cents, lower than the previous estimate of 58 cents. Looking ahead to 2025, the EPS is expected to reach $2.35, also below the previously predicted $2.80. Adding to these concerns, data from Motor Intelligence reveals that Tesla's sales in the United States declined by 5.6% year-on-year in February, in contrast to the overall market's modest 0.9% decline.
