Tesla’s next-generation supercar delayed again, JPMorgan cuts price target, driving shares down nearly 4%.

Tesla has postponed the unveiling event for its next-generation Roadster from October 1 to October 15. The company cited forecasted severe local weather and the event’s required outdoor setting as reasons for the delay. The event is still expected to take place at SpaceX’s test facility in McGregor, Texas. Amid the potential impact, Tesla closed today at $357.45, down 3.94%. On Hyperliquid, TSLA was temporarily trading at $357.8 during the overnight session. Separately, per TradingBeats’ monitoring, during regular U.S. stock trading hours on September 28, the estimated trading volume of TSLA perpetual contracts on Hyperliquid via Trade[XYZ] was around $17.52 million, down roughly 27% from the same period the previous trading day. In the same period, JPMorgan lowered Tesla’s price target from $445 to $415, a roughly 6.7% cut, while maintaining a "neutral" rating. The market also remains cautious about Tesla’s upcoming Q3 production and delivery figures; Cantor Fitzgerald forecasts these data may come in weaker, and the current decline may be driven by a combination of the delayed product event, the price target cut, and delivery expectation pressure.