JPMorgan Chase lowers Tesla's second quarter car delivery volume expectations.

JPMorgan analyst Rajat Gupta has lowered his estimate for Tesla's second-quarter vehicle delivery volume from 430,500 units to 420,000 units, citing mixed signals in recent electric vehicle demand. Due to the downward revision in delivery volume expectations, Gupta has also lowered the second-quarter profit forecast from $0.44 per share to $0.42 per share, and adjusted the 2026 earnings per share forecast from $1.95 to $1.90.