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Tesla Inc. (NASDAQ: TSLA) is currently navigating a challenging landscape marked by strategic recalibrations and external pressures. J.P. Morgan recently adjusted its price target for Tesla shares, reflecting concerns over the company’s vehicle delivery projections.
This decision comes amid growing public discontent linked to CEO Elon Musk’s political activities, which have sparked protests and boycotts. Despite these hurdles, Tesla shares have demonstrated significant fluctuations, with a recent recovery following a sharp decline.
J.P. Morgan Lowers Tesla’s Price Target to $120
J.P. Morgan’s decision to lower its price target for Tesla from $135 to $120 underscores concerns about the automaker’s future performance. The financial institution cited anticipated reductions in vehicle deliveries for a second consecutive year as a key factor.
This revision reflects broader apprehensions about Tesla’s ability to meet market expectations in the face of operational challenges. The lowered target suggests a cautious outlook, as investors weigh the impact of these potential delivery shortfalls on Tesla’s overall market position.
Tesla’s brand is currently under scrutiny due to a series of protests and boycotts. These actions are largely driven by customer dissatisfaction with Elon Musk’s involvement in U.S. federal workforce reductions and the cancellation of global humanitarian contracts.
Such developments have cast a shadow over Tesla’s public image, as stakeholders express concerns about the company’s alignment with certain political actions.
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Tesla’s Downturn from December’s ATH Continues
Tesla shares have experienced notable volatility in the wake of recent U.S. elections, with a significant downturn following an all-time high in December. Despite this, the stock has shown resilience, rebounding by 10% since its recent slump.
As of March 13, 2025, Tesla’s stock opened at $248.125 and is trading at $240.32, with fluctuations between a low of $234.00 and a high of $248.29.
Disclaimer: The author does not hold or have a position in any securities discussed in the article. All stock prices were quoted at the time of writing.
About the author
Tim Fries is the cofounder of The Tokenist. He has a B. Sc. in Mechanical Engineering from the University of Michigan, and an MBA from the University of Chicago Booth School of Business. Tim served as a Senior Associate on the investment team at RW Baird’s US Private Equity division, and is also the co-founder of Protective Technologies Capital, an investment firm specializing in sensing, protection and control solutions.
