Investment bank JPMorgan continues to be bearish on electric vehicle manufacturer Tesla's shares as it stuck with an Underweight rating and a $120 share price target for the firm in a note released earlier today. In its note, the bank laments "unprecedented" brand damage to Tesla as it outlines that the firm's Q1 deliveries were far below JPMorgan's worst-case estimates. JPMorgan's $120 share price target for Tesla is less than half of the EV firm's current share price, and its note is the latest in a series of bearish coverage for the firm. JPMorgan Wonders If It Underestimated Consumer Reaction […]
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