One of Tesla Inc.’s most bearish analysts by Wall Street has further reduced the company’s profits, citing the extent of the car buyer against Elon Musk.
Tesla’s first quarter -trimester vehicle deliveries were very below the pessimistic estimate of the analyst of Jpmorgan Chase & Co.
The sales report “makes us think that – if something – we may have underestimated the degree of reaction of consumers,” wrote Brinkman.
Tesla’s shares fell by more than 4% at the start of regular exchanges. Since reached a record on December 17, the stock dropped by 44% until the fence on Thursday.
In the first three months of the year, Tesla delivered 336,681 vehicles, its worst quarterly Since 2022. In addition to changing the production lines in each of its assembly factories to build the model redesigned, the automaker would face Musk, its chief executive, becoming A more polarizing figure Due to its interventions in global policy.
JPMorgan is now expecting the benefit of Tesla’s first quarter to increases to 36 cents per share, unless its previous projection of 40 cents and average estimate of analysts of 46 cents.
Brinkman has also reduced its projection in full year to $ 2.30 per share. Analysts interviewed by Bloomberg estimate that the company will earn $ 2.70 per share – and Brinkman notes that this figure dropped by 17% since Tesla declared the quarterly profit for the last time at the end of January.
Musk should go back from his role at the head of the initiative known as the Government Ministry of Efficiency once his period of 130 days as temporary advisor to President Donald Trump, BloombergreportedTHURSDAY.
But the billionaire will always have a significant influence on the federal cost reduction effort and will remain a Trump confidant after his official departure, according to people familiar with the issue.
The Tesla CEO is a special government employee, a classification of temporary federal hirings that are supposed to work only 130 days a year in their roles. An official date has not been set at the start of Musk, and the White House council office is responsible for determining when Musk worked 130 days, people said.
After emerging as Trump’s greatest contributor to the American presidential election, Musk set himselfon EuropeAt the beginning of this year, attacking more traditional political figures and aligning themselves with far -right parties and activists. It’s returned against Tesla – salesfell 62%Last quarter in Germany, which shelters the company’s only vehicle plant on the continent.
This story was initially presented on Fortune.com
