Tesla may have just hurt Elon Musk's own case in his battle with the SEC, according to J.P. Morgan.
div > div.group > p:first-child"> "The now clear incongruence of CEO outlook statements with official company guidance may hurt the perception of management commentary, eroding investor confidence and potentially placing additional pressure on the shares," J.P. Morgan analyst Ryan Brinkman wrote in a note to clients late Wednesday.
Musk is heading to Manhattan Federal Court later Thursday afternoon to continue his face-off with the SEC, which claims that he violated an earlier settlement deal by posting material information about Tesla on Feb. 19. But Tesla's press release Wednesday night may undermine that argument with the latest production updates.
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