Tesla Stock in Trouble? JPMorgan Says Profits May Vanish in 2025
A disappointing start to the year for the electric vehicle manufacturer (EV) could only get worse, as Tesla (TSLA) stock could see 40% of profits disappear in 2025, according to JPMorgan. Indeed, the institution has expressed some concern regarding what could be on the horizon when US President-elect Donald Trump takes office next year. The Elon Musk-led company skyrocketed after Trump emerged victorious in the 2024 election. Just one month prior, the company unveiled its highly anticipated Robotaxi product line. With autonomous vehicles set to be a critical part of its business model, there is a lot that is on the line as it enters a critical 2025. Source: Vanity Fair Also Read: Tesla (TSLA) Up 69% Since Trump Win: Is Now the Time to Buy? JPMorgan Warns 40% of Tesla Profits in Trouble in 2025 Throughout the last several months of 2024, Elon Musk joined Donald Trump on the 2024 campaign trail. In response, the Tesla CEO was made head of Trump’s Department of Government Efficiency ...