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JPMorgan's scathing Tesla prediction: Musk's car company will report worst quarterly deliveries in 3 years

Forbes Australia
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JPMorgan lowered its forecast for Tesla ’s first-quarter deliveries by 20% from 444,000 to 355,000 , significantly below the consensus analyst projection of 430,000 .

JPMorgan is the latest major firm to cut its Q1 delivery forecasts for Tesla , joining the likes of Goldman Sachs and UBS .

Tesla sales in Europe are “under far greater pressure than at home as a consequence of statements by Musk pertaining to the war in Ukraine , U.S. participation in NATO , and far-right political parties”.