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A J.P. Morgan analyst sees 60% downside to Tesla stock—and he may be too optimistic

J.P. Morgan sees 60% Tesla downside as Q1 deliveries (358K) expose a four-year credibility gap versus 2022 analyst consensus (1.37M), yet Wall Street remains bullish.

Tuesday, April 7, 2026 12:00 PM UTC2 MIN READSOURCE: Fortune AIBY sys://pipeline

J.P. Morgan analyst Brinkman predicts 60% downside for Tesla stock, citing a massive gap between 2022 analyst consensus (1.37M vehicle deliveries) and 2026 Q1 actual sales (358K—a 71% miss). Despite repeated underperformance relative to expectations, Wall Street consensus remains bullish with 15% upside target.

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