J.P. Morgan Concerned Tesla Stock Will Crash by 60 Percent in Face of Ongoing Business Failures

JP Morgan analyst Ryan Brinkman warned Tesla shares could fall about 60% after a weak first quarter and ongoing execution concerns.

He cited stretched valuation, soft deliveries, and fading growth in Tesla’s core EV business as key risks.

The bearish call follows a similar warning from HSBC and comes as Tesla’s stock has slid on disappointing sales and limited product refreshes.

Investors are increasingly questioning whether Tesla’s current business can support its valuation as it shifts toward robotaxis and robotics.