Tesla Loses Toyota, Stellantis in EU Carbon Credit Pool as GLJ Targets $25.28
Tesla lost Toyota and Stellantis from its EU CO2 credits pool for 2026, removing two of the biggest buyers. GLJ Research set a $25.28 sell target (implying 94% downside) citing unrealistic Optimus robot and autonomous taxi adoption forecasts, while analysts warn prolonged higher rates could compress the stock’s valuation.
1. Tesla loses EU carbon credit customers
Toyota Motor Corporation and Stellantis NV have withdrawn from Tesla’s 2026 CO2 emissions pooling arrangement in the European Union, removing two of the region’s largest carbon-credit buyers from its revenue stream.
2. GLJ Research sell target and skepticism
GLJ Research assigned Tesla a $25.28 sell rating—implying a 94% downside—based on concerns that Optimus robots and autonomous taxi adoption forecasts are overly optimistic and unlikely to materialize at scale.
3. Impact of prolonged higher interest rates
Analysts caution that sustained elevated interest rates could tighten Tesla’s growth valuation by increasing borrowing costs, reducing consumer financing appetite for electric vehicles, and triggering investor rotation into fixed-income assets.