J.P.Morgan cut its price target on Tesla's stock as the brokerage expects a second straight year of lower deliveries, with analysts also pointing to a change in sentiment toward the EV maker from existing customers and potential new buyers.

After weeks of downturns on Tesla J.P. Morgan has lowered its price target on Tesla’s stock. This is mainly because the company thinks that fewer cars will be delivered for the second year in a row. Analysts also say that current and possibly new customers are feeling differently about the electric vehicle maker.

Tesla stock is set to extend a bounce despite three more price-target cuts as analysts slash delivery and earnings estimates.

The poll is the latest sign of mounting frustration with the billionaire entrepreneur as he’s become a rising politic figure.

Key Takeaways A majority of investors believe Musk's political activity is hurting Tesla, a survey by Morgan Stanley found.Tesla shares jumped Wednesday as tech stock rallied, but remained on pace to decline for the eighth week in a row since President Donald Trump took office and Musk began leading the new administration's Department of

A recent Morgan Stanley survey found that most respondents feel that CEO Elon Musk’s political activities are hurting Tesla.