Lates News

Before Tesla's first quarter financial report was announced, JPMorgan maintained its "underweight" rating and lowered its expectations. The bank currently expects Tesla's first quarter earnings to be around $0.30 per share, lower than the previous estimate of $0.43 per share, and also lower than the market consensus of $0.38 per share. This adjustment was made after Tesla reported weak delivery numbers and a decrease in energy storage installations, with JPMorgan stating that both indicate a cooling in its underlying business.