April 17 - GLJ Research analyst Gordon Johnson is doubling down on his bearish stance on Tesla (TSLA, Financial), urging investors to take an “aggressive short” position through the second quarter of 2025, citing what he calls a “historic” mismatch between expectations and reality.
Johnson forecasts Tesla will deliver around 342,700 vehicles in Q2, nearly 96,000 fewer than current Wall Street estimates. He claims it's the largest gap he's seen between analyst expectations and actual delivery potential, warning the stock could face sharp downside pressure when consensus numbers reset.
Tesla is rated “Sell” by GLJ, with a sharply bearish price target of $24.86 , a fraction of its current trading level near $242. Johnson pointed to shrinking delivery volumes, mounting global EV competition, and waning customer loyalty as mounting concerns.
He also flagged CEO Elon Musk's controversial political presence as a growing risk. In February, Stifel analyst Stephen Gengaro cited Musk's outspoken views and trimmed his price target on Tesla to $474 from $492, noting falling consumer favorability.
