JPMorgan cuts Tesla target to USD 415 for Tesla stock

Published on 10/01/2026 at 15:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tesla plans its Roadster reveal on October 1, 2026. Tesla stock costs EUR 315.68 on October 1, 2026 after EUR 313.00, plus 0.86 percent.

Makroaufnahme dicht gepackter zylindrischer Batteriezellen in Silber und Kupfer — Makroaufnahme zylindrischer Batteriezellen illustriert die Speichertechnologie von Tesla Inc., ISIN US88160R1014, in Nahaufnahme, Illustration mit AI erstellt.

Tesla (ISIN US88160R1014) was trading at EUR 315.68 at Lang & Schwarz on October 1, 2026 at 3:37 p.m. CEST, while JPMorgan cut its Tesla price target from USD 445.00 to USD 415.00. According to Gate News on September 28, 2026, the bank also reduced its third-quarter delivery estimate from 516,000 to 482,000 vehicles.

JPMorgan lowers the delivery bar

The revision gives Tesla stock a fresh valuation test because the target cut and delivery reduction point in the same direction. JPMorgan cited weaker-than-expected demand in China and the United States, while its revised delivery estimate remains above the 460,000 to 480,000 expectation range cited in the report.

The next product event is the October 1 Roadster reveal. Reuters reported on September 12, 2026, that Elon Musk said Tesla would unveil the long-delayed next-generation sports car nearly a decade after its first presentation. The report said the event could include a limited-edition version with cold-gas thrusters developed with SpaceX.

Revenue rises while margins narrow

Tesla's second-quarter 2026 results combined strong volume with weaker earnings quality. Stock Titan reported total revenue of USD 28.2 billion, up 26.00 percent from the second quarter of 2025, while GAAP net income reached USD 1.1 billion and operating cash flow was USD 4.7 billion.

The same second-quarter 2026 report recorded 480,126 vehicle deliveries, up 25.00 percent year over year, and a 1.40 percent operating margin. The comparison matters: revenue and deliveries expanded, but the operating margin remained a much thinner cushion for funding Tesla's expansion in artificial intelligence, robotics and new vehicles.

Upcoming results add another test

Finzer lists Tesla's next earnings date as October 28, 2026. That date follows the Roadster reveal and the expected third-quarter delivery update, creating a sequence in which production evidence may matter more than the novelty of the product presentation.

Tesla's market capitalization stood at USD 1.4 trillion on October 1, 2026, while its primary Nasdaq quote was USD 357.31 at 9:48 a.m. EDT. For investors, the central tension is visible in the numbers: second-quarter revenue rose 26.00 percent year over year, yet JPMorgan lowered its delivery forecast by 34,000 vehicles.

Tesla stock holds above prior close

Tesla was trading at EUR 315.68 at Lang & Schwarz on October 1, 2026 at 3:37 p.m. CEST, up 0.86 percent versus the EUR 313.00 prior close of September 30, 2026. The further course of trading is shown by the continuously updated real-time quote of Tesla stock.