Tesla stock will crash to $25, warns Wall Street expert

Core Viewpoint - Wall Street experts are generally not optimistic about Tesla stock, with Gordon Johnson of GJL Research being particularly bearish, forecasting a 95% decline in stock price from $429.97 to $25.28, despite this being an upgrade from a previous target of $19.05 [1][2]. Group 1: Delivery Performance and Market Position - Tesla lost its position as the world's largest EV manufacturer to BYD in 2025, with Tesla's sales at 1.63 million compared to BYD's 2.26 million [4]. - The disappointing delivery figures have contributed to the bearish outlook on Tesla's stock [8]. Group 2: Promises and Technology Development - Elon Musk has a history of making promises regarding technological advancements, such as full self-driving capabilities, which have not materialized as expected, leading to skepticism about Tesla's future [3][5]. - GJL Research criticizes Tesla's reliance on an optics-only approach for self-driving technology, noting that companies like Hyundai are not interested in licensing this technology [6][7]. Group 3: Market Perception and Valuation - GJL Research suggests that Tesla should be valued as a traditional car manufacturer rather than a technology and AI leader, indicating a shift in how the market should perceive the company [9]. - Despite the bearish forecasts, Tesla's stock has shown resilience, rallying 8.87% over the past year, closing at $429.97 on January 7 [8].