Wall Street analyst predicts Tesla stock to crash by 90%

In a report released on Thursday, August 26, Gordon Johnson of GLJ research reiterated his long-standing ‘Sell’ rating on Tesla (NASDAQ: TSLA), maintaining a low price target of just $24 set two months ago.Johnson has long been a proponent of the view that Tesla is massively overvalued and losing the R&D race, particularly considering the recent success of Google’s (NASDAQ: GOOGL) subsidiary Waymo.A longtime Tesla bear, Johnson has maintained a generally bearish outlook on the wider market for years — at pr ...