In r/wallstreetbets, Tesla debate centers on JPMorgan's bearish note and whether delivery misses and inventory build finally matter for TSLA, versus the long running view that the stock shrugs off fundamentals.
JPMorgan warns Tesla stock could sink 60% in new note.
JPMorgan slapped a $145 price target on TSLA (Sell rating), calling ~60% downside, after Tesla missed Q1 deliveries by ~7,600 units and built a 50,000-unit inventory surplus.
Tesla is probably the prefect reflection on how the stock market is irrational
tesla is the only car company that can report that they sold fewer cars this year than last year, and still pop.
JPMorgan slapped a $145 price target on TSLA (Sell rating), calling ~60% downside
after Tesla missed Q1 deliveries by ~7,600 units and built a 50,000-unit inventory surplus.
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