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JPMorgan Chase Cuts Tesla's Target Price to $120, Anticipating Further Decline in Deliveries This Year
2025-03-13 /
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Author：小编
On Wednesday, JPMorgan Chase adjusted its target price for Tesla shares to $120, forecasting a second consecutive year of declining vehicle deliveries for the company. Analysts highlighted a shift in customer sentiment towards Tesla. This reduction signifies a more than 50% decrease from the previous day's closing price of $248.09. JPMorgan Chase anticipates that Tesla will deliver approximately 1.78 million vehicles this year, marking a slight 1% decrease from 2024 figures.
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