TSLA is trading at $340.98 (-3.36%) today after a high-profile analyst downgrade and persistent concerns over vehicle demand amplified selling pressure amid a broader market downturn.
- JPMorgan issued a stark warning, suggesting the stock could plummet by as much as 60%, citing overvaluation and mounting macroeconomic pressures. [5, 19]
- The stock is also reacting to its recent Q1 delivery miss, with analysts highlighting a growing inventory of over 50,000 unsold vehicles, fueling concerns about a potential demand problem. [8, 9, 15]
- The negative company-specific news is compounded by broader market bearishness, with oil prices surging over $113/barrel due to escalating Middle East tensions. [3, 7]