Tesla down after JPM says S&P mobility report slashes co's production forecast

Shares of Tesla TSLA.O fall 4.4% to $227.5

J.P.Morgan says S&P Global Mobility is reducing their outlook for Tesla production by 43,000 units in Q1 and by 140,000 units for the full year

"S&P has significantly reduced its outlook for TSLA production across all time periods and regions as consumers continue to react negatively to management actions and statements" - brokerage

There have been reactions toward the brand such as protests at Tesla stores across the U.S. and around the world, sales boycotts, and jettisoning already purchased vehicles in the second-hand market, JPM said last wek

Survey suggests 94% of consumers in Germany refuse to buy a TSLA - JPM says citing German news portal t-online

S&P now expects Q1 production in China to rise 7.6%

TSLA stock had fallen ~45% YTD