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Tesla's Stock Price at Risk of Further 60% Drop? Wall Street's Largest Short-Seller Highlights Significant Risks for Annual Delivery Outlook
1 day ago /
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Author：小编
As Tesla prepares to unveil its second-quarter delivery figures, JPMorgan Chase, the largest short-seller on Wall Street, has reaffirmed its bearish outlook. Analyst Ryan Brinkman from JPMorgan stated on Tuesday that he has maintained a price target of $115 for Tesla, marking a steep decline of over 60% from its current trading level and representing the lowest projection on Wall Street. Tesla's share price has seen significant volatility lately, attributed to various factors such as the ongoing feud between CEO Musk and U.S. President Trump, along with persistent declines in European sales. Market consensus anticipates a drop in Tesla's second-quarter deliveries, fueling further investor anxiety.
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