Tesla shares fall nearly 4% after Roadster event delay and JPMorgan target cut
Tesla pushed back the unveiling of its next-generation Roadster from Oct. 1 to Oct. 15, citing forecasts for severe weather at the planned outdoor venue. The event is still expected to take place at SpaceX’s test site in McGregor, Texas. Tesla shares closed at $357.45 on Sept. 29, down 3.94%, while TSLA traded at $357.8 in after-hours activity on Hyperliquid. TradingBeats data showed that during regular U.S. trading on Sept. 28, estimated turnover in the TSLA perpetual contract under Trade[XYZ] on Hyperliquid was about $17.52 million, down roughly 27% from the same period of the previous trading day. At the same time, JPMorgan cut its Tesla price target to $415 from $445, a reduction of about 6.7%, while keeping a Neutral rating. The market is also watching Tesla’s upcoming third-quarter production and delivery figures closely. Cantor Fitzgerald expects those numbers may come in weak, adding to pressure already tied to the delayed product event and the lower target price.



