Tesla slips 3% as JPMorgan cuts target to $415, lowers Q3 delivery estimate to ~482,000
JOBhakdi · x · 2026-09-28
Tesla shares fell about 3% today, badly lagging the market. Key points:
- Analyst view: JPMorgan cut its price target to $415 and kept a Neutral rating, lowering its Q3 delivery estimate to roughly 482,000 units on soft US and China demand.
- FSD & autonomy: Coverage continues to frame Tesla around Full Self-Driving and robotaxi monetization — reportedly about 1.5 million paid FSD customers, with subscriptions expected to be the main revenue driver.
- New business: Semi deliveries to customers began Sept. 25, with the Nevada plant targeting 50,000 units annually, opening a commercial freight line.
The poster's "Pioneer Alpha" view calls the dip a short- and long-term buying signal — that's their opinion, not fact.
More from Venture
- Glasser turns agent data tools into pay-per-call: $0.0011 per Google search — PrajwalTomar_ · 2026-09-29
- Polymarket grew from a 50-person DeFi protocol to a 500-person CFTC-regulated exchange in a year — SiddDevs · 2026-09-29
- Top 10 US companies now hold 36.9% of market cap, near 1932 record — iblanco_finance · 2026-09-28
- Instinct Grows 10% a Day With $1B+ Annual Volume, Claims Opus 5-Level Performance at Fraction of Cost — himanshustwts · 2026-09-28
- Base44 hits $200M ARR and launches Base Code for team-wide AI coding — testingcatalog · 2026-09-28
- Memory price forecasts diverge 25+ points: Jefferies sees 40-50% Q3 surge vs TrendForce 13-18% — Beth_Kindig · 2026-09-28