JPMorgan removes sell rating on Tesla after years, says it's at the 'forefront of physical AI'

JPMorgan on Friday lifted its sell rating on Tesla — which it's had since July 2023 — touting the company's vertically integrated supply chain and artificial intelligence capabilities. The investment bank raised its rating on the stock to "neutral" from "underweight" – which is the equivalent of "sell." JPMorgan analyst Rajat Gupta said the crossover between Tesla's business units, including automotive and robotics, was "under-appreciated and misunderstood." "Using cell and vehicle production …