JP Morgan Cuts Tesla Q2 Delivery Estimate to 420K Units from 430.5K

JP Morgan analyst Rajat Gupta lowered Tesla's second-quarter vehicle delivery forecast to 420,000 units from 430,500 units, citing mixed signals in recent electric vehicle demand.

Gupta also reduced Tesla's Q2 earnings per share (EPS) estimate to $0.42 from $0.44, and cut its full-year 2026 EPS guidance to $1.90 from $1.95.

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