<div id="readability-page-1"><div><div><p>The EV party may still be raging on Wall Street, but JPMorgan just showed up to shut it down.</p><p>In a bold call that's sure to spark debate, JPMorgan analyst Ryan Brinkman just named both<strong> Tesla Inc</strong> <span>TSLA</span> and <strong>Rivian Automotive Inc </strong><span>RIVN</span> as top short ideas for the second half of 2025.</p><p>His rationale? Sky-high valuations, shrinking subsidies, and a growing disconnect between expectations and reality.</p><h2>Tesla's Valuation Is In Overdrive</h2><p>Let's start with Tesla — the undisputed king of electric dreams. Trading at 142x forward earnings, Tesla's valuation towers over the rest of the so-called <strong>Magnificent 7</strong>, which average just 25.2x. That multiple might be easier to swallow if earnings were growing. </p><p><strong>Read Also: No Plan B – Tesla’s Musk Premium Is On Thin Ice</strong></p><p>But JPMorgan is forecasting a third straight year of EPS declines, thanks in part to thinner margins, reduced government subsidies, and a robotaxi moonshot that Brinkman says is unlikely to deliver — literally or figuratively — due to a &#34;lack of sensor redundancy.&#34;</p><p>In other words: Tesla's autopilot isn't ready, and neither is its valuation.</p><h2>Rivian's Burn Rate Hits A Wall</h2><p>Then there's Rivian, trading just above $13, with cash burn still off the charts. Brinkman doesn't mince words here either: slashed EV subsidies and rising tariffs could cripple Rivian's ability to trim its massive EBITDA losses and free cash outflows. For a company still trying to scale, that's like hiking uphill with your battery pack unplugged.</p><p>JPMorgan's call reflects a growing concern: the EV boom has hit an economic speed bump, with government support fading and competition intensifying. That doesn't mean the long-term EV story is dead – but it does suggest investors may be paying 2030 prices for 2025 problems.</p><ul> <li><strong>Tesla Is Getting Burnt By Copper’s God Candle</strong></li> </ul><p><em>Photo: Jonathan Weiss on Shutterstock.com</em></p></div></div></div>

TSLA

RIVN

TSDD

TSLL

TSLQ

09366

07766

07366

TSLR

<p>JPMorgan analyst Ryan Brinkman has identified Tesla and Rivian as top short ideas for the second half of 2025, citing high valuations, declining earnings, and reduced government subsidies. Tesla's valuation is at 142x forward earnings, with forecasts of EPS declines due to thinner margins and challenges in its robotaxi project. Rivian faces significant cash burn and struggles with rising tariffs and slashed subsidies, raising concerns about its financial viability. This reflects a broader concern that the EV market is facing economic challenges despite its long-term potential.</p>

- JPMorgan analyst Ryan Brinkman has identified Tesla and Rivian as top short ideas for the second half of 2025, citing high valuations and declining earnings.  
- Tesla's valuation is significantly higher than its peers, with forecasts indicating a third consecutive year of EPS declines due to reduced subsidies and margin pressures.  
- Rivian faces challenges from slashed EV subsidies and rising tariffs, which could hinder its ability to reduce losses, reflecting broader concerns about the EV market's sustainability.  

JPMorgan Just Hit 'Delete' On Tesla And Rivian