Tesla shares fell 1.4% to $366 in early Monday trading as investors prepared for a week featuring the long-awaited Roadster unveiling and third-quarter production and delivery figures. JPMorgan lowered its price target to $415 from $445 while maintaining a Neutral rating. Investor caution has also increased ahead of Tesla’s expected delivery report, which Cantor Fitzgerald expects to be soft. Cantor forecasts 421,758 vehicle deliveries, below Visible Alpha’s 448,679 consensus, and about 15 gigawatt-hours of energy-storage deployments versus a 17.1 gigawatt-hour consensus. The firm maintained an Overweight rating and a $485 target, but said Tesla’s Semi output remains a small part of its vehicle business and that autonomous trucking is a lower priority than expanding robotaxi and Cybercab operations. Tesla’s valuation also remains tied to artificial-intelligence initiatives, including autonomy and the Optimus humanoid robot, while its European regulatory review and next earnings report remain in focus.