Huoxing Finance reports that on September 29, Tesla postponed the unveiling event for its new Roadster from October 1 to October 15, citing forecasted severe weather conditions in the area and the requirement for the event to be held outdoors. The event is still expected to take place at SpaceX’s test facility in McGregor, Texas. In response, Tesla closed today at $357.45, down 3.94%, with TSLA night session trading on Hyperliquid currently at $357.80. According to TradingBeats, during regular U.S. market hours on September 28, the estimated trading volume for TSLA perpetual contracts on Hyperliquid’s Trade[XYZ] reached approximately $17.52 million, a roughly 27% decline compared to the same period on the previous trading day. Meanwhile, JPMorgan lowered its price target for Tesla from $445 to $415, a reduction of about 6.7%, while maintaining a “Neutral” rating. The market also remains cautious ahead of the upcoming Q3 production and delivery figures, with Cantor Fitzgerald anticipating potentially weak data; this decline may reflect a combination of the event postponement, the lowered price target, and downward pressure on delivery expectations.
Tesla Delays Roadster Launch, Stock Falls 3.94% Following JPMorgan Price Cut
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Summary
Tesla delayed the Roadster reveal to October 15 due to inclement weather, with the event still scheduled at SpaceX’s McGregor site. The stock declined 3.94% to $357.45, with crypto price observers noting the drop. JPMorgan reduced its Tesla price target to $415, a 6.7% cut, maintaining a 'neutral' rating. Traders are monitoring Q3 production data and altcoins for signs of market shifts.
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