Rajat Gupta: Lowering Tesla's Q2 Delivery Volume and Profit Expectations

Morgan Stanley analyst Rajat Gupta lowered Tesla's Q2 car delivery forecast from 430500 to 420000, lowered Q2 earnings forecast from $0.44 to $0.42, and lowered 2026 earnings per share forecast from $1.95 to $1.90. Rajat Gupta stated that there is little evidence in the United States to suggest that rising gasoline prices will have a substantial impact on the demand for electric vehicles. JPMorgan Chase has rated Tesla as neutral with a target price of $475.