"Canaccord's research across roughly 30 countries pointed to higher delivery volumes than anticipated, breaking the slowdown from earlier this year, as noted in an Investing.com report. Analysts noted that Tesla's upcoming vehicle launches are expected to sustain sales momentum globally, even as U.S. tax credits phase out after the third quarter. The firm stated that new models will play a central role in broadening the company's appeal across multiple markets and customer segments."
"Tesla ( NASDAQ: TSLA) received a significant boost from Canaccord Genuity this week, with analysts lifting their price target to $490 from $333 and reiterating a "Buy" rating for the electric vehicle maker. The revised target implies about 10% upside from Tesla's last close at $443.21. The analysts also highlighted Tesla's progress in autonomous driving. Earlier this month, the company secured approval from Arizona regulators to begin road testing its robotaxi program in the Phoenix metro area."
Canaccord Genuity increased Tesla's price target to $490 from $333 and maintained a Buy rating, implying roughly 10% upside from the last close near $443.21. Research covering about 30 countries showed higher delivery volumes than expected, reversing an earlier slowdown. New vehicle launches are expected to sustain global sales momentum and broaden appeal across markets and customer segments, potentially offsetting the phase-out of U.S. EV tax credits after the third quarter. Tesla secured Arizona approval to begin road testing a robotaxi pilot with safety drivers in the Phoenix metro area. Growing energy storage demand further supports Tesla's growth prospects.
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