Maybe they will make a splash in Denmark. But Tesla cannot live up to the value of the brand's stock at all, says a JPMorgan analyst.
The banking and financial group JPMorgan does not have much faith in Tesla. In any case, it is a good deal less than what Tesla is worth on paper.
JPMorgan analyst Ryan Brinkman tells CNBC that the bank has downgraded the assessment of the Tesla share by four percent.
– Expectations for Tesla's profit have fallen. But even after Thursday's fall (after the publication of the quarterly accounts, ed.) it does not seem to be visible in the share's value.
– This indicates that there is room for a further fall (in the share price, ed.), says the analyst.
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The bank now believes that one Tesla share should realistically cost 130 dollars, corresponding to a little over 900 Danish kroner. That's a 30 percent drop from where Tesla stock actually ended Thursday last week.
Here the share peaked with a value of 182.63 dollars. It has since fallen again, but only modestly to $182.025 a piece on Monday this week.
JP Morgan's downgrade comes after Tesla released disappointing fourth-quarter 2023 earnings last week, which immediately sent the stock down 10 percent. Read more about it here .
