[JPMorgan Lowers Tesla's Q2 Vehicle Delivery Forecast] According to a report by Jinse Finance, on June 25, JPMorgan analyst Rajat Gupta reduced the forecast for Tesla's second-quarter vehicle deliveries from 430,500 units to 420,000 units, citing mixed signals regarding recent demand for electric vehicles. Due to the lowered delivery forecast, Gupta also revised the second-quarter earnings estimate from $0.44 per share to $0.42 per share and adjusted the 2026 earnings per share forecast from $1.95 to $1.90. Gupta stated, 'In the U.S., there is virtually no evidence that rising gasoline prices have a material impact on demand for electric vehicles.' JPMorgan maintains a neutral rating on Tesla, with a target price of $475.