Tesla stock had its best percentage gain in two months Wednesday, but some prominent Wall Street analysts are starting to sour on Elon Musk’s company.

JPMorgan slashed Tesla’s (TSLA) price target to the Street’s lowest levels so far, citing worst quarterly deliveries in three years. Analyst

JPMorgan analysts forecast Tesla Inc. (NASDAQ: TSLA) to experience its weakest quarter for car deliveries since 2022.

Tesla (TSLA) has suffered major reputational damage over the last few months on a scale never seen before in the automotive industry, according to JPMorgan Chase (JPM) analysts.

After a slight rebound earlier this week, Tesla's TSLA stock is back to falling, keeping with its recent performance. Even U.S. President Donald Trump's purchase of one hasn’t done much to spark real momentum for the electric vehicle (EV) leader.

Tesla stock closed down 3% at $240.68, while the S&P 500 and Dow Jones Industrial Average lost 1.4% and 1.3%, respectively. Tesla stock rose 7.6% on Wednesday after gaining 3.8% o