
"Gianarikas raised Canaccord's price target on Tesla shares up to $490 from $333, as the stock has been well above the latter number for some time. Shares are currently trading at around $443, and have not traded at $333 since the beginning of September. Tesla shares have increased by over 34 percent in the past month. A new note written to investors from Gianarikas breaks down each division of the company and how it will contribute to Tesla's overall growth through the next several quarters."
"Now, with just a quarter left in 2025, it seems Tesla plans to launch those models within the next three months. Canaccord said: "...on the EV side, we expect more new models soon - as promised by management. These should help global sales momentum - and potentially help alleviate any post-3Q cliff in the US after EV tax credits go away. And these new vehicles should be interesting.""
Canaccord Genuity raised its Tesla price target to $490 from $333 while retaining a Buy rating as the stock trades well above the prior target. Shares are near $443 and have risen over 34% in the past month. The firm expects higher deliveries this quarter and anticipates Tesla will introduce new affordable models within the next three months to help offset the loss of the $7,500 EV tax credit. Canaccord also identifies Tesla Energy as an underappreciated growth area, pointing to rising data-center power needs and grid opportunities that could drive expansion in coming years.
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