Canaccord Genuity Boosts Tesla Stock Target to $551, Reiterates 'Buy' Rating

Canaccord Genuity analyst George Gianarikas has upgraded Tesla's (TSLA) price target to $551 from $482, maintaining a "Buy" rating. The optimistic outlook is primarily driven by the company's advancements in autonomy and robotics, despite a slight reduction in near-term delivery estimates.

Key Takeaways

• Canaccord Genuity analyst George Gianarikas raised Tesla's price target to $551 and maintained a "Buy" rating.

• The upgrade is fueled by Tesla's long-term potential in autonomy and robotics, including FSD and Robotaxi.

• Despite lowered 4Q25 delivery estimates, the analyst sees a more durable long-term demand environment and accelerating EV adoption in emerging markets.

• Tesla's 2026 roadmap includes the Cybercab production start, Roadster unveiling, and high-volume Semi production.

Long-Term Growth Drivers

Gianarikas highlighted several positive factors contributing to Tesla's improved long-term outlook. He noted the accelerating pace of EV adoption in emerging markets, which offers a significant growth runway beyond the US. Furthermore, progress in Full Self-Driving (FSD) technology and the anticipated 2026 Robotaxi rollout are seen as major upside drivers. The analyst also anticipates that further developments in the Optimus humanoid robot program next year could provide additional momentum for the electric vehicle manufacturer.

While acknowledging a downward revision of 4Q25 delivery expectations, Gianarikas emphasized that the current reset in the US EV market is paving the way for a more robust and attractive long-term demand environment. He believes that global advancements in FSD and the planned expansion of the Robotaxi fleet in 2026 are increasingly crucial components of Tesla's equity story, poised to provide positive sentiment tailwinds.

Tesla's Busy 2026 Outlook

The upcoming year is projected to be a pivotal one for Tesla, with several key initiatives planned. Elon Musk confirmed during the 2025 Annual Shareholder Meeting that production of the autonomous two-seat Cybercab is slated to begin in Q2 2026. Additionally, Tesla is expected to unveil the next-generation Roadster on April 1, 2026, and commence high-volume production of the Tesla Semi in Nevada.

Beyond vehicle launches, Tesla intends to significantly expand the rollout of its FSD capabilities to various global regions, including Europe. Plans are also in motion to launch more Robotaxi networks in key areas across the United States, further solidifying its autonomous driving ambitions.