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Tesla’s deliveries were strong, but stock’s valuation is still out of whack, JPMorgan says

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Closeup of Tesla logo displayed on charger at Supercharger rapid charging station for electric car company Tesla Motors. This was taken in Mountain View (California), August 24, 2016.

Smith Collection/Gado | Archive Photos | Getty Images

TeslaJPMorgan believes that strong delivery numbers will not alter the stock’s overall outlook.

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