One of the Bears Wall -States Tesla Analysts Inc. Additionally, they reduced the company’s profit estimates, citing a sharp sharp car against Elon Musk.
Car deliveries in the first quarter Tesla were much lower than Jpmorgan chase & Co. The pessimistic assessment of Ryan Brinkman’s analyst, “confirming the unprecedented damage to the brand we used to be,” he said on Friday’s report.
The sales report “makes us think that if anything – we may have underestimated consumer reaction,” the Brinkman wrote.
At the beginning of the regular trading, Tesla shares decreased by more than 4%. After the record high on December 17, the shares fell 44% on Thursday.
During the first three months of the year Tesla delivered 336 681 vehicles, the worst quarterly all Since 2022. In addition to changing production lines on each of its prefabils to build a redesigned model Y, automaker fought with a mask, chief executive more polarizing figure Due to his interventions in global politics.
Now JPMorgan expects Tesla’s profits in the first quarter slides up to 36 cents per share, without having a preliminary projection of 40 cents and an average analytics estimate of 46 cents.
Brinkman also cut his forecast for a full year up to $ 2.30 per share. Bloomberg analysts estimate on average that the company will receive $ 2.70 per share – and Brinkman notes that the figure decreased by 17% after Tesla last reported a quarterly profit in late January.
Musk is expected to retreat from the role leading the initiative known as the Department of Government Effectiveness, when its 130-day period as a temporary adviser to President Donald Trump stopped, Bloomberg, BloombergreportThursday.
But the billionaire will continue to have a significant impact on federal efforts to reduce the costs and remain a trusted person after his official departure, according to the people who are familiar with this issue.
TESLA CEO is a special government officer, a classification of temporary federal hiring, which should work only 130 days from year to their roles. The official date was not established that Musk is left, and the White House lawyer’s office is responsible for determining when Musk worked for his 130 days, people said.
After Trump’s largest participant in the US presidential election, Moscow aimedto EuropeEarlier this year, he attacks more major political figures and coordinating with extreme rights and activists. This retreated for Tesla – salesCollapsed 62%In the past quarter in Germany, where the only car assembly plant on the continent live.
Originally this story was presented on Fortune.com
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2025-04-04 21:11:00
Craig Trudell, Subrat Patnaik, Bloomberg
