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.
″[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.
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