Veteran Analyst Firm Just Calls Tesla Stock a 'Sell' on Robotaxi Risks
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Veteran Analyst Firm Just Calls Tesla Stock a 'Sell' on Robotaxi Risks Nauman Khan Tue, August 18, 2026 at 4:26 PM EDT 1 min read TSLA This article first appeared on GuruFocus . Tesla ( NASDAQ:TSLA ) stock faces fresh pressure on Tuesday after GLJ Research retained its Sell rating and $24.86 price target, pointing to concerns around the company's autonomous-driving progress and financial performance. The research firm said Tesla has declined 24.55% this year, while the S&P 500 has gained 13%. It also pointed to a second-quarter operating margin of 1.4%, negative free cash flow of $1.1 billion and an energy gross margin of 20.4%, down from the prior period. Warning! GuruFocus has detected 5 Warning Signs with TSLA. Is TSLA fairly valued? Test your thesis with our free DCF calculator. GLJ said its review of crowdsourced vehicle data indicated that Tesla's FSD v14 software on HW4-equipped vehicles recorded a disengagement about every 40 miles. The firm also cited 22 collisions reported in NHTSA filings over the past 12 months involving safety monitors. Attention is also turning to Tesla's planned Cybercab rollout in Austin. GLJ expects the stock to remain under pressure during the second half of 2026, with Wall Street price targets ranging from $125 to $600. What it means for Tesla stock: The report adds to concerns over valuation and autonomous-driving execution, potentially weighing on sentiment around the robotaxi strategy.
AI 시장 분석
GLJ Research maintained its 'Sell' rating on Tesla (TSLA) with a price target of $24.86, citing autonomous driving and financial risks. While Tesla's stock fell 24.55% this year, the S&P 500 rose 13%, and Q2 operating margin was 1.4% with a free cash flow deficit of $1.1 billion. This deteriorating fundamental and limitations in autonomous driving technology are expected to further dampen investor sentiment and add downward pressure.
하락 영향
- Electric Vehicles — Profitability concerns have grown as Tesla's Q2 operating margin plummeted to 1.4% and free cash flow recorded a deficit of $1.1 billion.
- AI — Trust in autonomous driving technology has been undermined as FSD software disengages every 40 miles and 22 crashes were reported over the past year.
DYAX 전담 분석
GLJ Research pointed out that the FSD v14 software disengages approximately every 40 miles and that 22 collisions have been reported to NHTSA over the past 12 months. This is directly acting as downward pressure on valuation by raising market doubts about execution capabilities in autonomous driving.
Future improvements in the actual safety of autonomous driving technology and the launch performance of the Cybercab are key indicators that will determine the direction of the stock price. If technological progress is delayed, the stock is at high risk of further correction.
AI가 생성한 분석으로 투자 자문이 아닙니다.
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