GLJ Research Rates Tesla (TSLA) Sell, $24.86 Price Target

GLJ Research has reiterated its Sell rating on Tesla with a price target of $24.86 as of October 15, 2026, a 92.99% downside from the current price.

By EarningsIQ Research Desk · Published Oct 15, 2026, 9:18 PM EDT · Updated Oct 16, 2026, 8:15 PM EDT

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GLJ Research rated Tesla, Inc. ($TSLA) "Sell" with a $24.86 price target on October 15, 2026.

Since the rating, $TSLA is down 2.1% to date (from the $362.44 close on Oct 15, 2026).

TSLA Tesla, Inc.

$354.72 -19.03% year to date

Daily close · Oct 16, 2026

Key Points

GLJ Research reiterated its Sell rating on Tesla, Inc. with a price target of $24.86 on October 15, 2026.
GLJ Research's $24.86 price target implies 92.99% downside from Tesla, Inc.'s ($TSLA) current $354.67 share price.
Shares of Tesla recently traded around $353.07, which is below their 50-day moving average of $358.76 and their 200-day average of $388.49.
The average analyst price target for Tesla is $397.83, with 38 analysts providing their opinions.

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GLJ Research has reiterated its Sell rating on Tesla, Inc. (TSLA) with a price target of $24.86 as of October 15, 2026. The firm did not change its target from the previous assessment, maintaining the same price point. Tesla shares recently traded around $353.07 on October 16, 2026.

Other Institutional Activity in Tesla

Several other institutional investors have also adjusted their positions in Tesla. Blackrock Inc. grew its holdings by 6,034,568 shares, bringing its total to 214,123,129 shares worth about $75.9 billion. Vanguard Capital Management LLC increased its stake by 1,170,261 shares to a total of 184,023,551 shares valued at approximately $65.3 billion. State Street Corporation added 2,764,093 shares, ending with 117,456,756 shares worth around $41.7 billion.

Tesla, Inc. Stock Down 3.4%

Tesla's recent trading price of $353.07 is below both its 50-day moving average of $358.76 and its 200-day average of $388.49. The stock is also down about 29.2% from its 52-week high of $498.83. However, it remains above its 52-week low of $297.38, trading roughly 18.7% higher than that level.

12-month forecast

$TSLA price target

Tesla, Inc. daily closes and this analyst's $24.86 target. Not advice.

Recent Earnings

Tesla reported trailing twelve-month revenue of approximately $103.62 billion with an earnings per share (EPS) of $1.08. The company has shown a year-over-year revenue growth of 25.5%. The next earnings report is expected on October 21, 2026.

Insider Buying and Selling at Tesla, Inc.

Recent insider activity includes CEO Elon Musk, who bought 303,960,630 shares at an average price of $23.34 on June 16, 2026. Chief Financial Officer Vaibhav Taneja also sold 2,605 shares at $402.20 on June 8, 2026, and another 2,605 shares at $360.13 on September 8, 2026. These transactions occurred before the current event.

Analysts Set New Price Targets

On October 15, 2026, GLJ Research reiterated its Sell rating on Tesla with a price target of $24.86. This comes as part of a broader context where other firms like JP Morgan and UBS have maintained Neutral ratings with price targets of $415.00 and $391.00, respectively. The consensus among analysts suggests a mean price target of $397.83, reflecting a generally positive outlook despite GLJ's caution.

About Tesla, Inc.

Tesla, Inc. designs, develops, and sells electric vehicles and energy systems. The company operates in two segments: Automotive and Energy Generation and Storage. It also sells automotive regulatory credits and offers various services, including maintenance and insurance.

Bottom Line

Investors will be watching for Tesla's next earnings report on October 21, 2026, as well as any further analyst ratings or institutional activity. GLJ Research's reiteration of its Sell rating highlights a cautious stance amidst a mixed outlook from other analysts.