Tesla (NASDAQ:TSLA) Price Target Lowered to $420.00 at Canaccord Genuity Group

Tesla (NASDAQ:TSLA) had its target price decreased by Canaccord Genuity Group from $520.00 to $420.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the electric vehicle producer’s stock.

TSLA has been the subject of a number of other research reports. DZ Bank restated a “sell” rating on shares of Tesla in a research report on Thursday, January 29th. BNP Paribas Exane reduced their target price on Tesla from $313.00 to $280.00 and set an “underperform” rating on the stock in a report on Monday, March 2nd. Needham & Company LLC restated a “hold” rating on shares of Tesla in a report on Thursday, January 29th. Benchmark reaffirmed a “buy” rating on shares of Tesla in a research report on Wednesday, February 11th. Finally, Bank of America started coverage on Tesla in a report on Wednesday, March 4th. They set a “buy” rating and a $460.00 price objective on the stock. Nineteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and nine have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $403.98.

Tesla Stock Performance

Shares of NASDAQ:TSLA opened at $371.75 on Tuesday. The company has a market capitalization of $1.39 trillion, a price-to-earnings ratio of 344.21, a P/E/G ratio of 10.52 and a beta of 1.89. The firm’s 50 day simple moving average is $405.61 and its 200 day simple moving average is $428.65. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.16 and a quick ratio of 1.77. Tesla has a fifty-two week low of $214.25 and a fifty-two week high of $498.83.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The firm had revenue of $24.90 billion during the quarter, compared to analysts’ expectations of $24.75 billion. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.73 earnings per share. As a group, sell-side analysts forecast that Tesla will post 2.56 earnings per share for the current year.

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,264 shares of Tesla stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $397.03, for a total value of $898,875.92. Following the sale, the chief financial officer owned 18,106 shares of the company’s stock, valued at approximately $7,188,625.18. This trade represents a 11.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James R. Murdoch sold 60,000 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $445.40, for a total value of $26,724,000.00. Following the transaction, the director directly owned 577,031 shares of the company’s stock, valued at approximately $257,009,607.40. This trade represents a 9.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 87,995 shares of company stock worth $38,315,650 over the last three months. Corporate insiders own 19.90% of the company’s stock.

Institutional Trading of Tesla

A number of institutional investors have recently made changes to their positions in TSLA. Networth Advisors LLC acquired a new position in shares of Tesla during the 4th quarter worth about $26,000. Chapman Financial Group LLC acquired a new stake in shares of Tesla in the second quarter valued at about $26,000. Davidson Capital Management Inc. increased its position in shares of Tesla by 79.4% in the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after acquiring an additional 27 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in Tesla during the third quarter worth about $29,000. Finally, CoreFirst Bank & Trust acquired a new position in Tesla during the second quarter valued at approximately $30,000. Institutional investors own 66.20% of the company’s stock.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Market rally driven by three converging catalysts — delivery optimism, Terafab/chip-factory talk and SpaceX merger/buzz — that traders say gives the move legs. This is cited as the main reason TSLA popped intraday. Tesla Surges 5%: Delivery Hopes, Terafab, and SpaceX Buzz Are All Converging at Once
• Positive Sentiment: Reports of a deeper Tesla–SpaceX chip/semiconductor partnership (new fab plans in Texas and talk of coordinated chip strategy) are being read as a strategic lever for Tesla’s AI/robotics roadmap and supply security. Tesla Appears to Have a New Master Plan… and SpaceX Is a Huge Part of It
• Positive Sentiment: Analysts (Canaccord) nudged up Q1 deliveries estimates and a positive research note earlier in the day helped sentiment despite mixed modeling — supporting near‑term optimism ahead of the delivery print. Canaccord Lifts Q1 Deliveries Estimate, But Cuts Tesla Stock (TSLA) Price Target, Here’s Why
• Positive Sentiment: Renewed optimism on Tesla’s AI/robotics (Optimus) and product updates lifted risk‑on positioning among growth investors. Tesla jumps 4% on Optimus buzz and market rebound momentum
• Neutral Sentiment: Q1 delivery results (due Thursday) are the immediate catalyst — expectations are ~365k units. That print can swing the stock materially both ways. Tesla (TSLA) Stock: Analysts Brace for Q1 2026 Delivery Numbers This Thursday
• Neutral Sentiment: Euro NCAP and other safety/oversight headlines continue to stir debate around Full Self‑Driving credibility — newsflow here creates volatility but is ambiguous in directional impact. Euro NCAP: Full Self-Driving “Irresponsible,” Tesla Stock (NASDAQ:TSLA) Surges
• Negative Sentiment: Several analysts have cut price targets and some firms reiterated “sell” or trimmed exposure (GLJ, Canaccord cut PT from $520 to $420) — a reminder Wall Street is increasingly skeptical on margins and valuation. Canaccord price target cut coverage
• Negative Sentiment: Regulatory and operational risks persist: NHTSA scrutiny of autonomy, talent departures (head of customer experience to Coinbase), and ongoing concerns about automotive margins and pricing pressure. These are downside risks if deliveries or margins disappoint. Will NHTSA Investigation Derail Tesla’s Physical AI Dreams?

About Tesla

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.