Update: Tesla Q1, Fiscal 2025 Earnings Projections Slashed by JPMorgan

Important legal information about the email you will be sending. By using this service, you agree to input your real email address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an email. All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. The subject line of the email you send will be "Fidelity.com: "

Update: Tesla Q1, Fiscal 2025 Earnings Projections Slashed by JPMorgan

, MT Newswires - 4:11 AM ET 4/7/2025 default

04:11 AM EDT, 04/07/2025 (MT Newswires) -- (Updates with attribution to original note.)

Tesla (TSLA) future earnings prospects were further slashed in an April 3 note by JPMorgan Chase ( JPM ) analyst Ryan Brinkman.

JPMorgan ( JPM ) now expects Tesla's Q1 EPS to be $0.36, down from $0.40 previously, and has trimmed fiscal 2025 projection to $2.30 a share, the note said. Analysts polled by FactSet expect $0.47 and $2.70, respectively.

Brinkman said in the note that the electrical vehicle maker's diminished first quarter deliveries confirmed "the unprecedented brand damage we had earlier feared" as a result of chief executive officer Elon Musk's outspoken support for President Donald Trump and his role as head of a government agency cutting international aid and veterans services.

The latest sales report "causes us to think that - if anything - we may have underestimated the degree of consumer reaction," Brinkman wrote.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.