Investor's Corner
Tesla’s biggest bear sets Q3 delivery forecast at 223k
Tesla’s (NASDAQ: TSLA) biggest bear is, without a doubt, Gordon Johnson of GLJ Research. Johnson has been the most outspoken critic of the electric automaker for several years, holding extremely low price targets and never shying away from his very public sell rating. Earlier today, GLJ Research released its Q3 2021 delivery forecast at 223,000 vehicles, which is slightly above consensus estimates.
Johnson set his target for Q3 deliveries at 223,000 cars, which would be slightly more than a 10% increase in deliveries compared to Q2 2021. Tesla delivered 201,250 electric cars in Q2, despite global supply chain and logistics challenges. 99% of the deliveries comprised the Model 3 and Model Y, as the Model S Plaid was just beginning deliveries, and the Model X has been pushed back to 2022 for most orderers.
Compared to other analysts, Johnson’s prediction is relatively in line, with the exception of some bullish $TSLA analysts who have slated Q3 deliveries at a slightly higher than consensus estimate. For example, Piper Sandler and RBC Capital Markets raised their forecasts for Q3 to about 233,000 vehicles, insinuating an over 14% growth in deliveries for the electric automaker compared to Q2. Piper Sandler analyst Alex Potter stated that the firm believes Q3 will be Tesla’s strongest-ever quarter, increasing its 2021 Full Year outlook for the company from 846,000 to 894,000.
Tesla (TSLA) gets upbeat estimates from Wall St amid “strongest ever” quarter
Johnson’s past synopsis for Tesla has been that the automaker has no advantage in batteries, their sales are declining, and in EV-heavy regions like Norway, the company has been dominated by automakers like Volkswagen. In fact, Tesla’s battery advantage has been outlined in several ways, especially in its ability to steer clear of parts shortages. Batteries are likely the biggest bottleneck presented to Tesla, as it has inhibited the company from expanding its product line with vehicles like the Semi and the next-gen Roadster. However, the available batteries are being funneled to Tesla’s mass-market Model 3 and Model Y, as well as the Model S, which only accounts for a few thousand Tesla sales every quarter.
While battery constraints have halted Tesla’s launch of the Semi and Roadster programs, they have surged the automaker to have the notorious reputation of having the longest-range EVs on the market currently. While Lucid has overtaken Tesla in range ratings from the EPA, Lucid has not yet launched a vehicle, although deliveries are expected to begin later this year.
In terms of Johnson’s claim that Tesla sales are declining, this is not accurate. Tesla has not seen a decline in delivery statistics since Q1 2019, when the automaker delivered approximately 63,000 cars. In Q4 2018, Tesla delivered 90,300 vehicles. Since then, Tesla has seen consistent increases in delivery statistics.
Finally, Norway has been a hotspot of Tesla’s, unlike Johnson’s claims of domination by other companies. In August, Tesla overtook Volkswagen and Ford in the region. Norway has among the highest concentration of EV drivers globally, and the final ICE sale is expected to take place in mid-2022, according to recent projections.
Johnson is ranked 7,420 out of 7,671 analysts on TipRanks. He has a $67 price target on TSLA with a “Sell” rating, an average return of -7.1%, and a success rate of 54%.
At the time of writing, TSLA was down 1.55% at $779.05.
Disclosure: Joey Klender is a TSLA Shareholder.
Don’t hesitate to contact us with tips! Email us at tips@teslarati.com, or you can email me directly at joey@teslarati.com.
Investor's Corner
Tesla gets its best analysis from Morgan Stanley as ‘it’s all about to change’
He maintained its ‘Overweight’ rating and the $410 price target Morgan Stanley had on the stock.
Tesla has gotten perhaps its best analysis from Morgan Stanley in quite some time, as the Wall Street firm claims that “it’s all about to change.”
That phrase could be used for both the company’s status and the world in general.
Analyst Adam Jonas said in a new note on Thursday to investors that Tesla could be one of the major winners in terms of the global transition from what it is now to what it will be.
He describes the global shift that will occur over the next few years:
“Have you interacted with a robot today? Have you even seen a robot today? No? Well, take a mental picture because it’s all about to change. When we meet someone who has never been in a Waymo or a Tesla Cybercab (which is most people), we frequently see a wince and a response such as ‘I’m not sure I’d feel comfortable getting in a car without a driver.’ We imagine going back in time to 1903 and asking people if they’d feel comfortable in an airplane.’”
The same technological revolutions that have occurred over the past 150 years will continue to occur again and again. We are on the verge of another, Jonas believes, as companies like Tesla are working on artificial intelligence tech, which includes changing the way we look at things like transportation and labor.
Jonas includes an interesting tidbit in his note about how humanoid robots could change wages, and how it could work into the advantage of Tesla, especially as it is developing its own Optimus robot:
“We estimate 1 humanoid robot at $5/hour can do the work of 2 humans at $25/hour, generating an NPV of approximately $200k/humanoid. 1 robot shaped car can potentially drive down cost/mile of a ride share vehicle to <$0.20 mile (1/10th human-driven ride-share).”
Jonas sees Tesla as a key player in how AI will impact things like manufacturing and various automotive industries, and he believes there is long-term potential for AI, robomobility, and even autonomous eVTOL platforms.
Tesla stock: Morgan Stanley says eVTOL is calling Elon Musk for new chapter
He maintained its ‘Overweight’ rating and the $410 price target Morgan Stanley had on the stock.
Elon Musk
Tesla stock gets crazy prediction from CEO Elon Musk
Musk says this is what it would take to be a millionaire from a Tesla investment right now.
Tesla stock (NASDAQ: TSLA) got a crazy prediction from CEO Elon Musk recently, as the future of the company seems to be moving more toward AI, autonomy, and robotics, and away from automotive, which is what it has traditionally been recognized as.
Over the past few years, as Tesla has prioritized its Full Self-Driving suite, its rollout of a dedicated Robotaxi program, and the development of the Optimus bot, the company has gained a new reputation from analysts.
It was always looked at as a stock with tremendous potential by many Wall Street firms, some more than others.
The most bullish analysts, like Cathie Wood of ARK Invest, believe the company will eventually reach a multi-trillion-dollar valuation and a share price of over $2,000. Her $2,600 price target does not include any contributions of Optimus. Instead, it leans on Full Self-Driving and Robotaxi.
Based on where the company is now, there are a lot of potential catalysts. The Robotaxi expansion, as well as affordable vehicles, its prowess in AI and Robotics, and its powerful energy division are all arguments for investment.
One X user said that a $150,000 investment in Tesla right now would likely make you a millionaire. Musk said he thinks that sentiment is “probably correct.”
I think this is probably correct
— Elon Musk (@elonmusk) August 5, 2025
He’s echoed this belief in recent earnings calls, including the one for Q2, which happened in July:
“I do think if Tesla continues to execute well with vehicle autonomy and humanoid robot autonomy, it will be the most valuable company in the world. A lot of execution between here and there. It doesn’t just happen. Provided we execute very well, I think Tesla has a shot at being the most valuable company in the world. Obviously, I am extremely optimistic about the future of the company.”
Tesla is trading at $316.50 at the time of writing, and has a market cap of just under $1 trillion.
Elon Musk
Tesla stock gets another analysis from Jim Cramer, and investors will like it
“Tesla is morphing right now. It’s in transition from being a car company to being a technology company.”
Tesla stock (NASDAQ: TSLA) got its latest analysis from Jim Cramer, and investors will like what he has to say.
Cramer has flip-flopped his thoughts on Tesla shares many times over the years. One time, he said CEO Elon Musk was a genius; the next, he said Ford stock was a better play. He’s always changing his tune.
However, Cramer’s most recent analysis is of a bullish tone, as he talks about the company’s evolution from an automaker to a tech powerhouse. He made the comments on CNBC’s Mad Money:
“Tesla is morphing right now. It’s in transition from being a car company to being a technology company. You wanna be in there because the tech is worth a lot more than what it’s selling for right now. Don’t care where you bought it, care where it’s going to.”
Jim Cramer last night on $TSLA: “Tesla is morphing right now. It’s in transition from being a car company to being a technology company. You wanna be in there because the tech is worth a lot more than what it’s selling for right now. Don’t care where you bought it, care where… pic.twitter.com/WzlPdQD7gq
— Sawyer Merritt (@SawyerMerritt) August 5, 2025
Tesla has always been looked at by the mainstream media as an automaker. While that is its main business currently, Tesla has always had other divisions: Energy, Solar, Charging, AI, and Robotics. Some came after others, but the important point is that Tesla has not been an automaker exclusively for a decade.
It launched Powerwall and Powerpack in April 2015, marking the start of Tesla Energy.
But Cramer has a point here: Tesla is truly becoming much more than a car company, and it is turning into an AI and overall tech company more than ever before. Eventually, it will be recognized as such, more so than it will be as an automotive company.
Cramer’s comments also follow a recent prediction by Musk, who stated on X that he believes a $150,000 investment in Tesla shares right now would eventually turn someone into a millionaire:
I think this is probably correct
— Elon Musk (@elonmusk) August 5, 2025
Musk has said he believes Tesla could be headed to a serious increase in valuation. Eventually, it could become the most valuable company in the world. He said this during the Q2 Earnings Call:
“I do think if Tesla continues to execute well with vehicle autonomy and humanoid robot autonomy, it will be the most valuable company in the world. A lot of execution between here and there. It doesn’t just happen. Provided we execute very well, I think Tesla has a shot at being the most valuable company in the world. Obviously, I am extremely optimistic about the future of the company.”
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