JPMorgan Chase: Tesla's better-than-expected deliveries can't hide earnings pressure; expect EPS inflection point to accelerate in 2028.
JPMorgan Chase released a report stating that despite Tesla's third-quarter deliveries reaching 486,500 units, exceeding market consensus by approximately 5%, the bank maintains a Neutral rating and a $415 price target for Tesla, believing that recent earnings still face pressure. JPMorgan Chase expects Tesla's adjusted EPS inflection point to occur in 2028, potentially initiating over 50% compound annual growth. The bank's adjusted EPS forecasts for Tesla in 2026 and 2027 are $1.43 and $1.45, respectively, significantly lower than Bloomberg's consensus of $1.65 and $2.22.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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