GLJ Research: Tesla To $24.86 (94% Downside). Six Days Later: $427.

On June 12, Gordon Johnson at GLJ Research reiterated a Sell rating on Tesla with a price target of $24.86—implying a catastrophic 94% nosedive from current levels. The analysis cited "inventory concerns" and delivery slowdowns as the thesis. Six trading days later, Tesla sits at $427.10, rendering the prediction off by a factor of 17x. To put it another way: if you had bet your entire net worth on GLJ's target materializing, you'd be down 94% instead of up 1,600%. This is what happens when you build a bearish thesis on a company that refuses to cooperate with your spreadsheet. Sometimes the market just doesn't care about your VIN-based production channel checks.