Tesla is navigating challenges amid strategic changes and external pressures. J.P. Morgan has adjusted its price target for Tesla shares due to concerns over declining vehicle delivery forecasts.
Reduction in Tesla's Price Target
J.P. Morgan has lowered its price target for Tesla shares from $135 to $120, reflecting concerns about the company's future performance. This reduction is primarily due to anticipated declines in vehicle deliveries for a second consecutive year.
Public Opinion and Political Factors
Tesla's brand is under scrutiny due to a series of protests and boycotts driven by dissatisfaction with Elon Musk's involvement in U.S. federal workforce reductions and the termination of global humanitarian contracts.
Volatility of Tesla Shares
Tesla shares have experienced notable volatility following recent U.S. elections, with a significant decline after December's all-time high. However, the stock has rebounded 10% since its recent low.
Tesla continues to adapt to changing market conditions and public expectations, with delivery issues and political disagreements presenting ongoing challenges.
