Tesla stock is down roughly 20% year-to-date in 2026, and JPMorgan thinks the bleeding is far from over. Analyst Ryan Brinkman reiterated his Underweight rating this week and stuck with a $145 price target — implying another ~60% downside from where TSLA trades today.
The note landed days after Tesla disclosed a Q1 delivery miss and the largest single-quarter inventory build in company history.
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