Finboldยท2025-07-01 09:39Core Viewpoint - Tesla's stock is projected to decline by over 60% following a bearish outlook from JPMorgan, which has lowered its price target to $115 per share, a 63% decrease from current levels [4][6]. Group 1: Stock Performance - At the close of Monday's session, Tesla shares were valued at $317.66, down 1.8%, and fell another 4.5% in pre-market trading to $303 [1][4]. - The one-week stock price chart indicates a downward trend following the bearish forecast [3]. Group 2: Demand and Deliveries - JPMorgan expects Tesla to deliver only 360,000 units in Q2, a 19% year-over-year decline, significantly missing Bloomberg's estimate of 392,000 units and Tesla's own consensus of 385,000 [5][6]. - This 360,000-unit outlook represents a 9% downgrade from JPMorgan's previous estimate of 395,000 deliveries made in April [6]. Group 3: Market Challenges - The downgrade is attributed to deteriorating demand trends for Tesla vehicles, with weaker-than-expected insurance registrations in China and soft European sales impacting the forecast [5][6]. - Tesla faces increasing competition from low-cost Chinese EV manufacturers and consumer backlash against CEO Elon Musk's political views, which are perceived as polarizing [6]. Group 4: Technology Rollout - The rollout of Tesla's Full Self-Driving technology, highlighted by the launch of its robotaxi, has encountered skepticism due to a series of high-profile mishaps [7].