Value Investing

A very ugly $TSLA downgrade. JPMorgan cuts Tesla estimates, sees 60% share downside JPMorgan reduced estimates for Tesla following the Q1 deliveries report. The deliveries missed expectations while Tesla's energy storage installations of 8.8 GWh also surprised by falling 15% year-over-year, the analyst tells investors in a research note. JPMorgan keeps an Underweight rating on the shares with a $145 price target. The firm continues to see 60% downside to its December 2026 price target and advises investors to approach Tesla shares "with a high degree of caution." The stock prices in "materially stronger distant out-year earnings expectations," contends JPMorgan.

BREAKING: The US is "dismayed" by Israel's strikes on 30 Iranian oil depots on Saturday, sparking the first "significant disagreement" between the allies since the war began, per Axios. Details include: 1. The strikes reportedly went "far beyond" what the US expected when Israel notified it in advance 2. "We don't think it was a good idea," a senior US official said 3. An Israeli official said the US message to Israel was "WTF" 4. "The president doesn't like the attack. He wants to save the oil. He doesn't want to burn it. And it reminds people of higher gas prices," a Trump adviser said US gas prices are now expected to surge well above $4/gallon this month.