GLJ Research Reaffirms $25.28 Price Target on Tesla

GLJ Research analyst Gordon Johnson reiterated on February 24, 2026, a ‘Sell’ rating and $25.28 price target on Tesla.

“We reiterate our SELL rating and $25.28 price target on TSLA.

In this note, we specifically address the question Wall Street’s TSLA bulls refuse to ask honestly: what if Optimus actually works?

Our answer, after an exhaustive review of independent engineering assessments, competitive data, and Tesla’s own disclosures: even in an aggressive bull case where Optimus achieves commercial viability, the probability-weighted value is a fraction of what the market currently embeds.

Put differently, the stock is pricing in a robotics outcome that has, at best, a 15–20% probability of occurring—and assigning near-certainty to it.

That’s not investing.”

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