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JP Morgan Chase increased 609.49% of Tesla TSLA shares in Q4 2019

by George Szeto February 11, 2020

JP Morgan Chase

On February 11, 2020, with the latest 13F-HR filed by JP Morgan Chase & Co indicated that a 609.49% increase of Tesla Motors, inc. (NASDAQ: TSLA) holding to 2,537,599 shares, equal to total holdings valued at $1,061,556,000 USD as of December 31, 2019.


Interestingly on Oct 3rd 2019, CNBC reported J.P. Morgan also underweight rated on Tesla, warned that the company's full-year forecast may be cut when it reports third-quarter earnings. 

 

CNBC JP Morgan

″[Tesla has a] lofty valuation coupled with high investor expectations, high execution risk, and the potential for a pending cut to full year delivery guidance at the time of 3Q earnings,” J.P. Morgan analyst Ryan Brinkman wrote in a note to investors.

Tesla share price was closed at $233.03 on Oct 3rd 2019.


We will let the FACT speaks for itself.

 

 

Legal Disclaimer --

This article is for informational purposes only. You should not construe any such information or other material as an investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by George Szeto, Tesmanian, or any third party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.

George Szeto holds zero share of Tesla, Inc., and currently (at the time of this article's publishing) holds zero options or securities in Tesla Inc. and/or its affiliates.




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