JPMorgan believes Tesla will deliver far fewer cars than expected during the second quarter. The investment bank predicts Tesla will only ship around 360,000 vehicles. Most experts thought Tesla would deliver 392,000 cars during this period. JPMorgan had earlier guessed Tesla would hit 395,000 deliveries. The bank used public data and seasonal patterns to make their new prediction.
European car sales numbers show Tesla struggling badly across multiple countries. Denmark saw Tesla registrations crash down 61.6 percent compared to last year. Sweden performed even worse with registrations falling 64.4 percent. Tesla stock prices dropped 5.6 percent after investors learned about these terrible European numbers. The disappointing sales figures match what JPMorgan expects for the entire quarter.
Several problems hurt Tesla sales according to market watchers. Elon Musk's political activities turn off some potential buyers. The company also changed how it makes cars and launched a new Model Y version. Chinese electric car companies create fierce competition for Tesla. Tesla delivered 444,000 vehicles during the same quarter last year.
Tesla shares fell another 5.8 percent before regular trading started. Investors worry about poor delivery numbers and growing problems between Musk and President Trump. JPMorgan keeps its negative rating on Tesla stock. The bank also lowered its profit predictions for 2025 and 2026. Tesla stock has dropped 16 percent since January started.
European car sales numbers show Tesla struggling badly across multiple countries. Denmark saw Tesla registrations crash down 61.6 percent compared to last year. Sweden performed even worse with registrations falling 64.4 percent. Tesla stock prices dropped 5.6 percent after investors learned about these terrible European numbers. The disappointing sales figures match what JPMorgan expects for the entire quarter.
Several problems hurt Tesla sales according to market watchers. Elon Musk's political activities turn off some potential buyers. The company also changed how it makes cars and launched a new Model Y version. Chinese electric car companies create fierce competition for Tesla. Tesla delivered 444,000 vehicles during the same quarter last year.
Tesla shares fell another 5.8 percent before regular trading started. Investors worry about poor delivery numbers and growing problems between Musk and President Trump. JPMorgan keeps its negative rating on Tesla stock. The bank also lowered its profit predictions for 2025 and 2026. Tesla stock has dropped 16 percent since January started.
