Tesla (NASDAQ:TSLA) Receives “Buy” Rating from Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Tesla (NASDAQ:TSLA) in a research note published on Monday morning,Benzinga reports. They currently have a $420.00 price target on the electric vehicle producer’s stock.

A number of other brokerages have also issued reports on TSLA. Glj Research reaffirmed a “sell” rating on shares of Tesla in a research report on Monday, March 30th. Robert W. Baird cut their target price on Tesla from $548.00 to $538.00 and set an “outperform” rating on the stock in a research report on Thursday, April 2nd. CICC Research boosted their target price on Tesla from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. China Renaissance boosted their target price on Tesla from $380.00 to $382.00 and gave the stock a “hold” rating in a research report on Monday, February 2nd. Finally, Benchmark reaffirmed a “buy” rating on shares of Tesla in a research report on Wednesday, February 11th. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and ten have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $402.61.

Tesla Stock Down 2.2%

Shares of Tesla stock opened at $352.82 on Monday. The stock’s fifty day moving average is $399.41 and its 200-day moving average is $427.11. The firm has a market capitalization of $1.32 trillion, a PE ratio of 326.69, a price-to-earnings-growth ratio of 10.69 and a beta of 1.91. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.08. Tesla has a 12-month low of $214.25 and a 12-month high of $498.83.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The company had revenue of $24.90 billion for the quarter, compared to analyst estimates of $24.75 billion. Tesla had a return on equity of 4.86% and a net margin of 4.00%.Tesla’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.73 earnings per share. Equities analysts anticipate that Tesla will post 2.56 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Kathleen Wilson-Thompson sold 25,809 shares of Tesla stock in a transaction on Monday, March 30th. The stock was sold at an average price of $359.33, for a total transaction of $9,273,947.97. Following the transaction, the director owned 33,860 shares in the company, valued at approximately $12,166,913.80. The trade was a 43.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 2,264 shares of Tesla stock in a transaction on Friday, March 6th. The shares were sold at an average price of $397.03, for a total value of $898,875.92. Following the transaction, the chief financial officer owned 18,106 shares in the company, valued at $7,188,625.18. This represents a 11.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 53,804 shares of company stock worth $20,865,598 in the last quarter. 19.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TSLA. Norges Bank purchased a new position in Tesla in the fourth quarter valued at about $17,128,100,000. Corient Private Wealth LLC grew its stake in Tesla by 3,205.5% in the fourth quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock valued at $9,650,811,000 after purchasing an additional 20,810,386 shares in the last quarter. Bank of America Corp DE grew its stake in Tesla by 56.0% in the fourth quarter. Bank of America Corp DE now owns 20,755,605 shares of the electric vehicle producer’s stock valued at $9,334,211,000 after purchasing an additional 7,450,766 shares in the last quarter. Cardano Risk Management B.V. grew its stake in Tesla by 882.8% in the fourth quarter. Cardano Risk Management B.V. now owns 8,202,060 shares of the electric vehicle producer’s stock valued at $3,688,630,000 after purchasing an additional 7,367,507 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Tesla by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock valued at $116,443,762,000 after purchasing an additional 6,538,720 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: NHTSA closed its probe into Tesla’s “Actually Smart Summon” feature, removing a regulatory overhang on vehicle safety and software. US regulator ends probe into Tesla’s ‘actually smart summon’ feature after software fixes
• Positive Sentiment: Tesla reported a sharp sales surge in South Korea (330% YoY in March), signaling pockets of regional strength that could help offset soft demand elsewhere. Tesla’s South Korean sales up more than 300% to 11,134 vehicles in March
• Positive Sentiment: Some sell‑side support remains — Canaccord reaffirmed a Buy and set a $420 target — giving bulls a base for rebounds if delivery trends improve. Canaccord reaffirms Buy on Tesla
• Neutral Sentiment: The approaching SpaceX IPO is creating a narrative risk: commentators (including Jim Cramer) suggest some investors may trim TSLA exposure to rotate into SpaceX, which could weigh on Tesla regardless of fundamentals. Cramer Flags New Trade: Sell Some Tesla, Wait for SpaceX IPO?
• Neutral Sentiment: Broader market dynamics (QQQ/AI leadership and macro flow) could help or hurt TSLA; a tech-led market rebound would likely support Tesla, while renewed risk‑off would accelerate outflows. 5 Reasons the Invesco QQQ ETF Could Be Headed for a Triple-Digit Rally
• Negative Sentiment: JPMorgan reiterated a bearish stance and warned TSLA could fall ~60%, citing record unsold inventory and weakening financial expectations — a high‑profile note that amplified selling pressure. JPMorgan warns Tesla stock may crash 60%
• Negative Sentiment: Analysts are cutting targets after Tesla missed Q1 delivery estimates; consensus revisions and lower targets are increasing downside risk into the company’s upcoming earnings. TSLA selloff deepens: Why analysts are slashing Tesla targets after delivery miss
• Negative Sentiment: ETF flows amplified the move: leveraged Tesla ETF TSLL plunged as traders sold exposure after the delivery miss, increasing intraday volatility and mechanical selling pressure. Tesla’s Dip Triggers TSLL Selloff—Why Are ETF Traders So Nervous?

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.