JP Morgan cuts Tesla 3Q EPS forecast to $0.36, Brian Sozzi notes

JP Morgan cuts Tesla 3Q EPS forecast to $0.36, Brian Sozzi notes
JP Morgan slashes Tesla 3Q EPS outlook

Brian Sozzi, reporter and analyst at Yahoo Finance, reports that JP Morgan has reduced its third quarter earnings per share (EPS) estimate for Tesla to $0.36 from $0.49. Consensus EPS for the period is $0.43.

According to JP Morgan, Tesla shares are expected to remain supported by prospects linked to long-term opportunities in robotaxi technology, the Optimus platform, and other areas such as distributed inference and compute.

Brian Sozzi has recently reported on large-scale capital requirements for other tech players, noting that Bernstein estimates SpaceX may need $50 billion to $130 billion to build a mobile phone business. He has also tracked post-event stock performance, stating that Apple shares have often risen in the 60 days following iPhone reveal events since 2007. Sozzi continues to monitor major developments across the technology sector.

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