J.P.Morgan cut its price target on Tesla's stock as the brokerage expects a second straight year of lower deliveries, with analysts also pointing to a change in sentiment toward the EV maker from existing customers and potential new buyers.

Tesla received two price-target cuts, as analysts slash earnings and delivery estimates amid signs of weak demand and a tarnished brand image. But Tesla stock jumped Wednesday, extending Tuesday's bounce amid President Donald Trump's White House promotional event.

In case you didn't know, Donald Trump pretty much held a car show at the White House on Tuesday. Media event with people observing futuristic cars outside a building. Photographers and reporters are capturing the scene Tesla hasn't been doing so hot recently,

Trump's strong backing of his ally's company has eased some of Tesla's stock struggles - but also sparked major ethical concerns.