JPMorgan (NYSE:JPM) analyst Ryan Brinkman is telling investors to approach Tesla (NYSE:TSLA) shares with “a high degree of caution,” and a $145 price target, implying roughly 60% downside.
That warning landed the same week regulators handed Tesla one of its cleaner regulatory outcomes in months.
Tesla Gets A Pass On Smart Summon — But FSD Trouble Brewing
Federal regulators had been investigating Tesla’s Smart Summon feature, the tool that lets owners remotely call their car across a parking lot via smartphone, over reports of crashes during use.
The NHTSA found that out of millions of uses, fewer than 1% resulted in any incident, and none caused injuries or fatalities. On that basis, the NHTSA closed the probe on April 3.
But the regulatory picture is not clean. The NHTSA is separately investigating its Full Self-Driving software, after reports …
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