TradingKey – JPMorgan ( JPM )’s latest research report issued a red alert for Tesla ( TSLA ), as analyst Ryan Brinkman lowered the stock’s year-end price target to $145, implying that Tesla could face a nearly 60% plunge from its current share price of approximately $352.

As the worst performer among the ‘Magnificent Seven’ U.S. stocks, Tesla’s share price has already fallen 20% this year, and this warning undoubtedly adds to the dampened market sentiment.

Brinkman pointed out that market expectations for Tesla’s performance peaked in mid-2022, when the consensus estimate for first-quarter earnings per share once reached as high as $3.68. However, his current forecast for this metric is just $0.30, which is 21% lower than the market…