Canaccord Genuity Group Forecasts Strong Price Appreciation for Tesla (NASDAQ:TSLA) Stock

Tesla (NASDAQ:TSLA) had its target price lifted by stock analysts at Canaccord Genuity Group from $482.00 to $551.00 in a research report issued on Tuesday, Marketbeat reports. The brokerage presently has a “buy” rating on the electric vehicle producer’s stock. Canaccord Genuity Group’s target price points to a potential upside of 13.76% from the company’s previous close.

Several other research firms have also commented on TSLA. Baird R W raised Tesla from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. Robert W. Baird upgraded Tesla from a “neutral” rating to an “outperform” rating and increased their target price for the company from $320.00 to $548.00 in a research note on Friday, September 19th. Mizuho boosted their price target on Tesla from $475.00 to $530.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 16th. CICC Research increased their price objective on shares of Tesla from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Tesla from $115.00 to $150.00 in a research note on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have issued a Hold rating and nine have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $414.50.

Tesla Trading Down 0.2%

NASDAQ TSLA opened at $484.35 on Tuesday. The firm has a market capitalization of $1.61 trillion, a price-to-earnings ratio of 322.90, a PEG ratio of 12.27 and a beta of 1.87. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. Tesla has a one year low of $214.25 and a one year high of $498.83. The company’s 50 day moving average price is $443.14 and its 200 day moving average price is $384.62.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The company had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. During the same period in the previous year, the firm earned $0.72 earnings per share. Tesla’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, sell-side analysts predict that Tesla will post 2.56 EPS for the current year.

Insider Buying and Selling at Tesla

In other news, Director Kimbal Musk sold 56,820 shares of the stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the transaction, the director owned 1,391,615 shares of the company’s stock, valued at approximately $627,145,215.90. This trade represents a 3.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 2,637 shares of Tesla stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $443.93, for a total value of $1,170,643.41. Following the completion of the transaction, the chief financial officer owned 13,757 shares of the company’s stock, valued at $6,107,145.01. This trade represents a 16.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 19.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Norges Bank bought a new stake in Tesla during the second quarter valued at $11,839,824,000. Kingstone Capital Partners Texas LLC boosted its holdings in shares of Tesla by 581,880.5% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 6,436,704 shares of the electric vehicle producer’s stock valued at $2,044,683,000 after buying an additional 6,435,598 shares during the period. Vanguard Group Inc. grew its position in shares of Tesla by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer’s stock valued at $79,856,764,000 after buying an additional 4,502,976 shares during the last quarter. Amundi raised its stake in Tesla by 29.4% during the first quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer’s stock worth $4,482,789,000 after acquiring an additional 3,814,610 shares during the period. Finally, Holocene Advisors LP lifted its holdings in Tesla by 132.2% in the third quarter. Holocene Advisors LP now owns 6,157,000 shares of the electric vehicle producer’s stock worth $2,738,141,000 after acquiring an additional 3,505,000 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Analysts are raising price targets and reiterating buys (Canaccord bumped its target to $551; Wedbush, Deutsche and others remain bullish), which helps near‑term sentiment and supports higher valuation expectations. Read More.
• Positive Sentiment: Autonomy/FSD momentum: industry praise for FSD v14 and continued robotaxi hype (including bullish commentary from analysts) keep the long‑term narrative intact and attract AI/robotics‑focused investors. Read More.
• Positive Sentiment: Flow‑based trading signals and heavy options activity have produced intraday momentum spikes (Power Inflow alerts, options “frenzy”), drawing short‑term buyers and traders. Read More. • Read More.
• Neutral Sentiment: Some firms flag higher volatility even as they lift targets—Truist raised its target but warned autonomy will drive swings; expect choppy trading around newsflow. Read More.
• Negative Sentiment: U.S. regulators opened a defect petition on ~179,000 Model 3s over hidden/unlabeled mechanical emergency door releases—this is the biggest immediate regulatory risk and is pressuring sentiment. Read More.
• Negative Sentiment: Sales pressure in Europe and rising competition from BYD (strong European growth) raise near‑term demand concerns and margin risk for Tesla’s automotive business. Read More.
• Negative Sentiment: Large activist/conviction investors and ARK have trimmed positions (Cathie Wood sells) and some analysts reiterate steep downside scenarios, which can amplify downside on delivery or regulatory misses. Read More. • Read More.

Tesla Company Profile

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.