Latest news with #GordonJohnson
Forbes
23-07-2025
- Business
- Forbes
Elon Musk's Tesla Is Braced For A Surprise Bitcoin Price Shock After SpaceX Set Alarm Bells Ringing
Bitcoin, fresh from hitting an all-time high earlier this month, is swinging wildly even as U.S. president Donald Trump issues a huge crypto prediction. Sign up now for CryptoCodex—A free newsletter for the crypto-curious The bitcoin price has doubled from this time last year, soaring as a $37 trillion nightmare engulfs the Federal Reserve. Now, after Tesla and SpaceX billionaire Elon Musk confirmed a wild bitcoin rumor, Wall Street is bracing for Tesla's worst quarter in years that could be saved by the bitcoin price rally—just as SpaceX begins moving its bitcoin for the first time in years. Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run Elon Musk, Tesla and SpaceX chief executive, is one of the most important influencers of the bitcoin ... More price. 'We see [Tesla] results coming in largely in line due to bitcoin gain,' GLJ Research analyst Gordon Johnson wrote in a note to clients seen by Barron's. Tesla, which is believed to hold just over 10,000 bitcoin worth $1.3 billion on its balance sheet, is expected to report a 10% decline in revenue from the same period last year to $22.7 billion, with adjusted earnings per share forecast to drop almost 20% year-over-year to $0.42, according to estimates compiled by Visible Alpha. In January, Tesla's profit for its fourth quarter of last year was given a boost due to changes in how companies account for their bitcoin and crypto holdings, with the bitcoin price then falling through the first few months of 2025 before sharply rebounding from April, climbing to a peak of $123,000 per bitcoin. The bitcoin price has soared 50% since its April lows, when it crashed alongside stock markets that were roiled by U.S. president Donald Trump's global tariff trade war. Earlier this month, Musk, who set up and led the Trump administration's department of government efficiency (Doge) and was jokingly called Trump's 'first buddy" until their fallout over out-of-control government spending, announced he's starting his own political party called the 'America Party" that will support bitcoin. 'Fiat is hopeless, so yes,' Musk posted to X, replying to a user who had asked if "the America Party embrace bitcoin," sending the bitcoin price sharply higher, and referring to government-backed currencies known as fiat, rather than asset-backed currencies. Sign up now for CryptoCodex—A free, daily newsletter for the crypto-curious The bitcoin price has rocketed higher since Elon Musk bought bitcoin for his companies Tesla and ... More SpaceX. Musk's hot-and-cold relationship with bitcoin has meant that even small references or mentions of bitcoin and crypto can cause prices to ricochet wildly. Meanwhile, Musk's rocket company SpaceX has set alarm bells ringing that either Tesla or SpaceX could be preparing to sell their bitcoin by moving $153 million worth, with analysts at blockchain data company Arkham Intelligence spotting the move earlier this week. The 1,300 bitcoin moved by SpaceX is just a fraction of the near 8,200 bitcoin SpaceX is believed to hold, according to data from In 2022, Musk sold most of the bitcoin Tesla had bought just over a year earlier, causing the bitcoin price to briefly plummet and sending shockwaves through the crypto market that Musk had been a vocal supporter of.
Yahoo
22-07-2025
- Automotive
- Yahoo
Tesla Faces 75% Drop in Credit Revenue Amid Policy Shift
Tesla (TSLA, Financials) could lose a key source of income following a change in U.S. policy that eliminates penalties for automakers that fail to meet emissions standards. According to a report by CNN citing William Blair analysts, the Republican tax and spending bill passed earlier this month removes the financial incentive for legacy automakers to purchase emissions credits from Tesla. The electric vehicle maker has earned $10.6 billion in regulatory credit revenue since 2019, which has occasionally exceeded its net income. Analysts at William Blair expect the revenue from credits to drop 75% in 2026 and disappear completely by 2027, leading to a direct hit to profitability. Analyst Gordon Johnson told CNN that credit sales could dry up as early as the third quarter of this year if contracts are canceled early. Tesla reported record sales declines in the past two quarters, driven by growing EV competition and political backlash involving CEO Elon Musk. The company is expected to report second-quarter results on Wednesday after a 55% year-over-year drop in first-quarter profits. Johnson warned that without regulatory credit sales, Tesla may resume reporting quarterly net losses. This article first appeared on GuruFocus.
Yahoo
17-06-2025
- Business
- Yahoo
GLJ Research Maintains a Buy Rating on Cameco Corporation (CCJ), Sets a $75.27 PT
Cameco Corporation (NYSE:CCJ) is one of the . In a report released on June 12, Gordon Johnson from GLJ Research maintained a Buy rating on Cameco Corporation (NYSE:CCJ) with a price target of $75.27. The analyst based the rating on the company's potential for growth, stating that its 49% stake in Westinghouse is expected to contribute to its Q2 earnings significantly. He reasoned that the primary reason behind this optimistic growth outlook is Westinghouse's involvement in the construction of two new nuclear reactors in the Czech Republic. The analyst expects this development to bring about a notable boost to Cameco Corporation's (NYSE:CCJ) EBITDA, indicating strong year-over-year growth. A close up of the reactor core, highlighting the complexity of the uranium power process. Cameco Corporation (NYSE:CCJ) provides uranium and operates through the Uranium and Fuel Services segments. The Uranium segment explores, mines, purchases, and sells uranium concentrate, while the Fuel Services segment undertakes the refining, conversion, and fabrication of uranium concentrate along with the sale and purchase of conversion services. While we acknowledge the potential of CCJ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Globe and Mail
04-06-2025
- Automotive
- Globe and Mail
Why This Mega-Bear Thinks Tesla Stock Is Headed for $19 in 2025
Boutique equity research firm GLJ Research is not shy about how bearish it is on Tesla (TSLA). Run by founder Gordon Johnson, the firm reiterated a $19.05 price target, the Street low, on Tesla shares in early May. This means that the firm believes the stock will decline by an alarming 94.3% over the next 12 months. The firm's coverage on Tesla is quite extensive. While one recent report cites the company's dwindling sales in Europe as a red flag, another highlights why the global demand slowdown gives Tesla no room to win the full self-driving battle. Here is how investors should consider this shocking price target. Tesla Has Had a Bumpy 2025 Tesla's first-quarter 2025 results were disappointing as the company reported a 9% decline in total revenue year-over-year and a 24.5% sequential decline, bringing in $19.3 billion for the quarter. The company's core automotive division was hit particularly hard, experiencing a sharp 20% drop in sales to $13.9 billion. Profitability also came under greater strain during the period. Earnings per share plunged 40% to $0.27, falling well short of the $0.41 consensus forecast. Thus, even after a strong recovery over the past month, the stock is still down 17.2% on a YTD basis. The BYD Threat From being dismissive of the Chinese car company about a decade ago to acknowledging its threat, Musk's opinions about BYD (BYDDY) have drastically changed over the years. This is what he had to say about the company in 2011, 'Have you seen their car? I don't think they have a great product. Their technology is not very strong.' Cut to 2024, and Musk's thoughts about BYD and its impact on other global car companies sounded ominous, 'Frankly, I think, if there are not trade barriers established, [Chinese EV makers] will pretty much demolish most other companies in the world.' Since then BYD has been outpacing Tesla in sales and deliveries. The latest Q1 2025 numbers bears testimony to that fact as BYD sold 416,388 battery electric vehicles compared to Tesla's 336,681 units. This marks the second consecutive quarter where BYD's BEV sales surpassed Tesla's. Further, BYD recently announced summer price cuts for 22 of its battery-powered and plug-in hybrid models, ranging from 10% to 30%, which is expected to put further pressure on Tesla. Negative Brand Impact and European Woes Elon Musk's alignment with President Donald Trump has sparked significant backlash against Tesla from both would-be buyers and members of the general public. This discontent reached a boiling point in March 2025, when widespread protests and boycott campaigns targeting the Tesla brand began to surface. In more severe cases, acts of vandalism were reported, inflicting damage on Tesla dealerships and service centers. One particularly troubling survey underscores the growing unrest. Of 508 Tesla owners polled, 46% reported incidents of vandalism involving their vehicles, while 33% indicated an intention to part ways with their cars within the next year. Tesla's challenges appear even more pronounced across Europe. In April, the company saw a stark 49% year-over-year decline in deliveries, even as the European electric vehicle market expanded by 34.10% during the same period. On a cumulative basis, Tesla's sales in the region have fallen roughly 40% since the beginning of 2025. Industry analysts point to growing competitive pressure from emerging Asian automakers, coupled with the fallout from Musk's polarizing statements and behavior, as the key forces driving this downward trend. Yet…… And yet here we are. Tesla stock has reclaimed some of its mojo in recent weeks. It is up 16.5% in the last month and has regained its place in the trillion-dollar market cap club. Investors are celebrating that Musk has left his role with the Department of Government Efficiency to return full time to Tesla. Further, despite the negative sentiment around the company, Tesla remains a cash-generating machine. In Q1 2025, Tesla posted a sharp rebound in operating cash flow, which climbed to $2.2 billion, an impressive improvement over the $242 million recorded in the same quarter of the prior year. Free cash flow also turned positive again, reaching $664 million, reversing a significant outflow of $2.5 billion in the corresponding period of 2024. The quarter concluded with Tesla holding a strong liquidity buffer, as its total cash reserves stood at $37 billion. Moreover, if you zoom out, most of the worries around Tesla are transient and revolve around its automotive business. Granted, the automotive business remains the core revenue and profit generator for the company, but it is working actively on some groundbreaking markets such as energy storage, humanoid robots, and artificial intelligence to develop multiple revenue sources in the future. Finally, Tesla is making moves to address the growth issues in its core automotive business with the launch of its robotaxi services soon. Also, plans are afoot to introduce lower-cost variants by utilizing Tesla's existing manufacturing infrastructure. This approach is intended to make the company's offerings more accessible to a broader consumer base while avoiding the substantial capital expenditure that would be required to establish additional production facilities. Analyst Opinions on TSLA Stock Overall, the analyst community has an average rating of 'Hold' for Tesla stock, with a mean target price of $292.17, which has already been surpassed. However, the high target price of $500 implies upside potential of about 50% from current levels. Out of 41 analysts covering the stock, 16 have a 'Strong Buy' rating, two have a 'Moderate Buy' rating, 13 have a 'Hold' rating, and 10 have a 'Strong Sell' rating.
Yahoo
31-05-2025
- Business
- Yahoo
GLJ upgrades SolarEdge to Hold on ‘solar friendly' Senate
GLJ Research analyst Gordon Johnson upgraded SolarEdge (SEDG) to Hold from Sell with a $6.90 price target The firm cites the recent selloff in the shares and the 'solar friendly' Senate for the upgrade. Being short carries risks as Senate budget bill language favors residential solar, creating risk of a near-term 'swift move higher' in the shares, the analyst tells investors in a research note. However, GLJ still sees SolarEdge's core business as 'structurally flawed.' Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on SEDG: Disclaimer & DisclosureReport an Issue SolarEdge upgraded to Hold from Sell at GLJ Research Charged: Solar stocks under pressure after House passes revised tax bill SolarEdge Technologies Faces Stock Slump Amid Market Turmoil Solar Stocks Bounce Back as Senate Disagrees with Clean Energy Cuts Stocks slide as Trump threatens new tariffs against EU and Apple: Morning Buzz
