JPMorgan’s gloomy Tesla prediction

JPMorgan has predicted that Tesla is on track for its worst quarter of the year, as the automaker continues to suffer from a sharp drop in sales since the beginning of 2025.

CEO Elon Musk is currently facing criticism from all sides—not only for his controversial statements but also for his influence within the U.S. government and his leadership role in the DOGE (Department of Government Efficiency).

On Wednesday, JPMorgan revised its forecast downward, estimating that Tesla’s first-quarter sales will decline by 20%.

According to Ryan Brinkman, head of JPMorgan’s automotive division, Tesla’s European sales are "under far greater pressure than at home as a consequence of statements by Musk pertaining to the war in Ukraine, U.S. participation in NATO, and far-right political parties."

"We struggle to think of anything analogous in the history of the automotive industry, in which a brand has lost so much value so quickly," added JPMorgan analysts.

(QG - Source: Forbes / Picture: © Unsplash)