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Gordon Johnson of GLJ Research has reiterated an exceptionally bearish outlook on Tesla (TSLA), setting a price target of just $25. This target represents a staggering 93% discount compared to the current Wall Street average analyst estimate of $394.36. Johnson detailed his pessimistic thesis in an extensive thread on X, arguing that the electric vehicle maker is significantly overvalued relative to its fundamentals. While Johnson is a well-known 'perma-bear' on the stock, his latest projection has sparked renewed debate regarding Tesla's long-term valuation. Market observers suggest that while such extreme targets can impact retail sentiment, they rarely shift institutional positions without new fundamental data. This valuation remains a significant outlier compared to the broader market consensus on the EV giant.
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