JPMorgan warns Tesla's value loss is unprecedented

JPMorgan Chase has issued a warning about Tesla's significant loss in value, stating it has never seen such a rapid decline in the automotive industry. Tesla lost $127 billion in one day, prompting a revised delivery forecast for the first quarter from 444,000 to 355,000 vehicles. The bank's analysis highlights the negative impact of CEO Elon Musk's controversial political actions on Tesla's sales. In Europe, new vehicle registrations dropped by 50% in January compared to the previous year, reflecting growing concerns over Musk's political affiliations. This report contrasts with Morgan Stanley's view, which suggests Tesla shares may rebound significantly. JPMorgan's stance is particularly notable given its recent legal disputes with Tesla over stock sales.