Tesla Stock (TSLA) Is Likely to Fall 60%, Warns JPMorgan Chase

FomoAnxiety · 2026-04-06T17:20:05+00:00

JPMorgan analysts predict Tesla's stock could drop 60%, citing poor performance metrics and disappointing delivery numbers. The firm recommends caution, assigning a Sell rating with a $145 target, while the consensus rating among analysts is a Hold.

FomoAnxiety

2026-04-06 17:20:05

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Analysts at JPMorgan Chase JPM +0.92% ▲ are warning investors that Tesla’s TSLA -0.68% ▼ stock could fall as much as 60% from current levels.

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In a note to clients, analyst Ryan Brinkman writes that Tesla’s performance has “collapsed for all financial and performance metrics across all time periods through the end of the decade…” As such, JPMorgan says, “We advise investors cautiously approach this expectation within the context of both execution risk and the time value of money.”

Brinkman placed a Sell rating on TSLA stock with a $145 price target, which is 60% below where the shares currently trade. Tesla’s stock is already down 20% this year, making it the worst-performing member of the Magnificent Seven mega-cap technology companies.

From Bad-to-Worse for TSLA Stock

The negative note on TSLA stock comes after the company recently announced disappointing delivery numbers. Tesla said that it had delivered 358,023 vehicles in this year’s first quarter, missing analyst estimates of 366,000 to 370,000 units.

The expiration of a $7,500 U.S. federal government electric vehicle tax credit at the end of last year has dented domestic demand for electric vehicle sales. Also, persistently high interest rates have made vehicle financing more expensive for the average buyer and contributed to a sales slump.

Is TSLA Stock a Buy?

Tesla’s stock has a consensus Hold rating among 31 Wall Street analysts. That rating is based on 13 Buy, 11 Hold, and seven Sell recommendations issued in the last three months. The average TSLA price target of $395.49 implies 10% upside from current levels.

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