JPMorgan lowered its third-quarter Tesla delivery forecast to 482,000 vehicles from 516,000, citing weaker demand in the U.S. and China. Tesla shares fell about 1.3% to $352.68 around 10:12 a.m. ET Tuesday. The revised estimate is only slightly above Tesla’s 480,126 deliveries in the second quarter, increasing focus on how much the company may have spent on incentives to support deliveries. At $352.68, Tesla traded 5.46% above GuruFocus’s GF Value of $334.43, suggesting investors are valuing more than the near-term vehicle business. Autonomy and robotics remain part of the investment appeal, while Friday’s delivery report is set to refocus attention on Tesla’s vehicle operations. GuruFocus also flagged six warning signs for TSLA and promoted a free DCF calculator, a discounted cash flow valuation tool, for testing investment assumptions.