Tesla shares fall; JP Morgan expects weak EPS outlook, warns of execution risks

Tesla TSLA.O shares fall 1.54% to $355.02

J.P.Morgan retains its "underweight" rating and $145 price target but lowers EPS estimates following Q1 2026 deliveries

PT represents a nearly 60% downside to the stock's last close

Tesla shares have jumped despite sharply lower decade‑end performance expectations, implying optimism for a post-decade turnaround that we view cautiously given execution risks and the time value of money - J.P.Morgan

Brokerage cuts EPS outlook for 2026 end to $1.8 from $2.0, below consensus of $1.95

Last week, Tesla said it delivered 358,023 vehicles in the January-March period, compared with analysts' average estimate of 368,903 vehicles, according to Visible Alpha data

24 of 54 brokerages rate the stock "buy" or higher, 20 "hold" and 10 "sell" or lower; their median PT is $420 - data compiled by LSEG

TSLA stock down 21.4% YTD