Tesla stock falls 1.54 percent as JPMorgan cuts target

Published on 09/28/2026 at 12:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tesla stock generated USD 28.24 billion in Q2 2026 revenue, up 26 percent year over year. GAAP diluted EPS was USD 0.32, with results due October 28, 2026.

Fotorealistische Fertigungshalle mit Robotern und generischen Elektrofahrzeug-Karosserien — Fotorealistische Aufnahme einer Fertigungshalle zeigt Tesla Inc., ISIN US88160R1014, bei moderner Elektrofahrzeug-Produktion, Illustration mit AI erstellt.

Tesla stock (ISIN US88160R1014) closed at USD 372.11 on Nasdaq on September 25, 2026, down 1.54 percent from the previous session. The immediate catalyst arrived on September 28, when JPMorgan cut its Tesla price target from USD 445.00 to USD 415.00, according to TechFlow.

Target reset puts valuation in view

The revised target is USD 42.89 above Tesla's September 25 closing price, a gap of 11.53 percent. JPMorgan's move gives the market a concrete counterpoint to the stock's technology and autonomy narrative, while keeping the target above the latest Nasdaq close.

Tesla's market capitalization stood at USD 1.5 trillion on September 25, 2026. The stock traded within a 52-week range of USD 297.38 to USD 498.83, placing the latest close USD 126.72 below the yearly high.

Revenue grows as margins tighten

In Q2 2026, Tesla reported revenue of USD 28.24 billion, up 26 percent from USD 22.50 billion in Q2 2025, according to Earnings Report. The same Q2 release showed GAAP net income of USD 1.11 billion, down 5 percent year over year, and GAAP diluted EPS of USD 0.32, down 3 percent.

The contrast matters for investors: Tesla expanded sales faster than earnings. Operating income fell 57 percent year over year to USD 398.00 million, leaving an operating margin of 1.4 percent, while capital expenditures rose 142 percent to USD 5.8 billion in Q2 2026, according to Earnings Report.

October results set the next test

Tesla's next quarterly report is scheduled for October 28, 2026, after the market closes, according to Gekko. That report will test whether the Q2 revenue expansion can translate into improved profitability after the heavier investment cycle.

Nasdaq close stays below yearly high

Tesla last closed at USD 372.11 on Nasdaq on September 25, 2026, with volume of 45,999,470 shares and a daily change of minus 1.54 percent. The stock's market value was USD 1.5 trillion on that date.