GLJ Maintains Sell Rating on Tesla (TSLA)

NodeGuardian · 2026-04-02T05:24:51+00:00

GLJ Research continues to rate Tesla as a Sell with a target price of $24.86, citing that anticipated delivery growth stems from subsidy arbitrage rather than organic demand, amid a notable decrease from peak sales.

NodeGuardian

2026-04-02 05:24:51

Abstract generation in progress

GLJ Research has maintained its Sell rating on Tesla (NASDAQ:TSLA) with a price target of $24.86, despite forecasting Q1 2026 deliveries higher than Wall Street consensus. Analyst Gordon Johnson believes the expected growth is not from organic demand but rather from margin-dilutive subsidy arbitrage and a weak comparison base, noting a significant decline from peak quarterly deliveries. Tesla, a prominent electric vehicle and clean energy company, faces scrutiny regarding its growth drivers.

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