Tesla (TSLA) stock has been riding a wave of optimism fueled by its robotaxi hype, but not everyone is buying the bullish narrative. Notably, GLJ Research is holding firm on its ultra-bearish outlook, maintaining the Street’s lowest price target of $19.05 on TSLA stock, implying over 90% downside from current levels. As most analysts raise their expectations around Tesla’s robotaxi debut, GLJ’s call stands out as a stark warning to investors riding the momentum.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Is a 90% Crash Coming?
Analyst Gordon Johnson, founder of GLJ Research, has reiterated his Sell rating on TSLA, citing multiple concerns tied to Tesla’s recent robotaxi launch. Despite the hype, the rollout was restricted to a select group of Tesla fans rather than being widely available, raising doubts about the technology’s maturity and potential for broader deployment.
Johnson further pointed to a range of operational flaws in Tesla’s robotaxi debut, including trouble making left turns, phantom braking, and driving on the wrong side of the road. Some vehicles reportedly ended rides in unsafe spots like intersections, disrupting traffic. These issues raised serious doubts about the reliability of Tesla’s self-driving tech and led Johnson to maintain his bearish rating on the stock.
Nonetheless, the robotaxi debut marks a pivotal milestone in Tesla’s transition from EV manufacturing to full-scale AI-driven mobility solutions. At the same time, investor sentiment remains strong, fueled by excitement around the company’s autonomous technology roadmap.
Is Tesla Stock a Buy Now?
On Wall Street, analysts have maintained a neutral stance on Tesla stock. According to TipRanks, TSLA stock has received a Hold consensus rating, with 14 Buys, 12 Holds, and 9 Sells assigned in the last three months. The average Tesla share price target is $291.31, suggesting a potential downside of over 11% from the current level.
