JPMorgan forecasts an even greater fall for Tesla’s actions in the middle of boycots and growing protests worldwide. The analyst Ryan Brinkman reduced his target price in the share at $ 120 of $ 135, which implies that the shares sink around 48% since the closing of Tuesday. Brinkman said the perspective for deliveries and the prices of the electric vehicle manufacturer, since the controversial political activities of the CEO Elon Musk have caused a wave of criticism. This also comes from a slow start to 2025, according to the analyst. Brinkman now sees the sales of Tesla’s first quarter reaching approximately 355,000, below an earlier estimate of 444,000. This reflects a decrease of 8% year after year and a drop of 28% quarterly. The new potential buyers have organized brand boycots in recent weeks. There have also been vandalism reports and attacks with fires caused in Tesla vehicles, concessionaires and cargo stations, according to NBC News. “We struggle to think about something analogous in the history of the automotive industry, in which a brand has lost so much such rapid value,” Brinkman wrote in a note on Wednesday. Although he pointed out that a similar example would be the boycott of Japanese and Korean vehicles in China during tense foreign relations in 2012 and 2017, respectively, “the damage in that case was limited to a single market, while the decrease in Tesla sales in 2025 is not specific for any nation or geography.” Tesla’s shares have dropped more than 5% of the week to date. In March alone, the action has lost 15% in March, which takes its decrease from year to 38%. TSLA YTD Mountain Tesla shares in 2025: Michael Bloom of CNBC contributed to this report.
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