GLJ Research analyst Gordon L. Johnson has reiterated a sell rating on Tesla. The firm maintains a price target of $24.86 for the stock.

The rating and target price were issued by Gordon L. Johnson of GLJ Research. Tesla trades on the NASDAQ under the ticker symbol TSLA.

Tesla Inc. has released company-compiled data of sell-side analysts' forecasts for its second-quarter 2026 earnings, predicting revenue of approximately $27.6 billion and net income of around $1.27 billion. The Elon Musk-led automaker, which delivered 480,126 vehicles in the quarter after producing 451,758 units, is expanding production capacity at its Gigafactory in Berlin to meet higher-than-anticipated delivery figures. This strategic ramp-up aims to supply vehicles to Germany and an increasing number of European markets, intensifying competition against Chinese manufacturers like Nio and BYD.

Financial Estimates and Analyst Targets

Analysts at JP Morgan Chase & Co. and Goldman Sachs Group Inc. contributed to the forecasts, which also outline expectations for the full fiscal year 2026. For FY 2026, revenue is predicted to reach approximately $105 billion, with a net income of around $4.4 billion. However, analysts estimate the automaker will be cash flow negative at -$3.25 billion. Earnings per share (EPS) are expected to be $0.36 on a Generally Accepted Accounting Principles (GAAP) basis and $0.55 on a non-GAAP basis.

Production and Delivery Outlook

Tesla plans to deliver 1,728,925 units in 2026, with the Model Y and Model 3 accounting for 1.67 million units of the total. The expansion of the Giga Berlin facility is a critical component of this strategy, allowing the company to leverage its recent production recovery from the 358,023 vehicles delivered in the first quarter. Investor Ross Gerber of Gerber Kawasaki recently highlighted Tesla's bio weapon defense system as a key feature amid surging wildfires.

Key Financial Metrics for Q2 2026

Market Position and Technical Analysis

Tesla shares were down 0.21% at $380.03 during the after-hours trading session on Friday. The stock has fallen nearly 25% from its peak of almost $500 in December last year, settling near a crucial support level. Technical analysis indicates the stock has moved below the 200-day moving average and formed a descending channel, with key resistance identified at $433.00 and support at $380.00. Benzinga Edge Rankings show that while Tesla scores well on Growth, it offers poor Value and lacks favorable price trends in the short, medium, and long term.