Tesla Slides for Fourth Straight Day as JPMorgan Cuts Price Target to $145; Meta Unveils New AI Model

On April 9, Tesla's stock closed down 0.98%, with a trading volume of $27.199 billion, ranking first among all U.S. stocks by trading value for the day. The stock has now declined for four consecutive trading sessions. Earlier, Morgan Stanley released a bearish research report, and JPMorgan lowered Tesla’s price target to $145, citing a potential downside risk of nearly 60%, primarily due to record-high unsold inventory and a growing divergence between production and sales. On the same day, Meta unveiled what it claims is its most powerful AI model to date.