04:11 AM EDT, 04/07/2025 (MT Newswires) -- (Updates with attribution to original note.)

Tesla (TSLA) future earnings prospects were further slashed in an April 3 note by JPMorgan Chase ( JPM ) analyst Ryan Brinkman.

JPMorgan ( JPM ) now expects Tesla's Q1 EPS to be $0.36, down from $0.40 previously, and has trimmed fiscal 2025 projection to $2.30 a share, the note said. Analysts polled by FactSet expect $0.47 and $2.70, respectively.

Brinkman said in the note that the electrical vehicle maker's diminished first quarter deliveries confirmed "the unprecedented brand damage we had earlier feared" as a result of chief executive officer Elon Musk's outspoken support for President Donald Trump and his role as head of a government agency cutting international aid and veterans services.

The latest sales report "causes us to think that - if anything - we may have underestimated the degree of consumer reaction," Brinkman wrote.