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

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

Several other brokerages have also commented on TSLA. Morgan Stanley set a $415.00 price objective on shares of Tesla and gave the stock an “equal weight” rating in a report on Thursday, January 29th. Wedbush reiterated an “outperform” rating and set a $600.00 price target on shares of Tesla in a research report on Friday, March 27th. Truist Financial lowered their price objective on shares of Tesla from $439.00 to $438.00 and set a “hold” rating for the company in a report on Thursday, January 29th. China Renaissance lifted their price objective on Tesla from $380.00 to $382.00 and gave the company a “hold” rating in a research report on Monday, February 2nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of Tesla in a report on Thursday, January 29th. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and ten have assigned a Sell rating to the stock. According to data from MarketBeat, Tesla currently has a consensus rating of “Hold” and a consensus price target of $403.98.

Tesla Price Performance

TSLA opened at $360.59 on Tuesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.77 and a current ratio of 2.16. The stock has a market capitalization of $1.35 trillion, a PE ratio of 333.88, a price-to-earnings-growth ratio of 11.31 and a beta of 1.91. The stock’s 50 day moving average price is $402.83 and its 200-day moving average price is $427.85. Tesla has a 52-week low of $214.25 and a 52-week high of $498.83.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The company had revenue of $24.90 billion during 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%.The firm’s revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.73 earnings per share. On average, equities research analysts predict that Tesla will post 2.56 EPS for the current year.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,264 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $397.03, for a total transaction of $898,875.92. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kathleen Wilson-Thompson sold 25,809 shares of Tesla stock in a transaction that occurred on Monday, March 30th. The shares were 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 of the company’s stock, valued at $12,166,913.80. The trade was a 43.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 53,804 shares of company stock valued at $20,865,598. 19.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Tesla

Several hedge funds and other institutional investors have recently made changes to their positions in TSLA. Networth Advisors LLC purchased a new stake in shares of Tesla in the fourth quarter worth $26,000. Chapman Financial Group LLC bought a new position in shares of Tesla during the second quarter valued at $26,000. Davidson Capital Management Inc. raised its position in shares of Tesla by 79.4% in the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock worth $27,000 after purchasing an additional 27 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in Tesla in the 3rd quarter worth about $29,000. Finally, CoreFirst Bank & Trust purchased a new stake in Tesla during the 2nd quarter valued at about $30,000. 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: China sales picked up in March, with China‑made EV shipments up ~8.7% year‑over‑year — a sign demand in Tesla’s largest market is recovering. Tesla’s China-made EV sales rise 8.7% in March — Reuters
• Positive Sentiment: European registrations (France and parts of Nordics) showed sharp month‑to‑month gains, signaling a regional recovery that could help offset weakness elsewhere. Tesla French car registrations triple in March — Reuters
• Positive Sentiment: Tesla reported continued growth in energy storage deployments (company release: 8.8 GWh in Q1), which supports diversification beyond cars. Tesla First Quarter 2026 Production, Deliveries & Deployments — BusinessWire
• Neutral Sentiment: Speculation about SpaceX’s IPO and possible cross‑company collaboration (or even merger chatter) is resurfacing; this is more sentiment/ narrative‑driven than a near‑term catalyst. Valuation to the Moon? SpaceX Gears Up for IPO — MarketBeat
• Neutral Sentiment: Software/AI upside still in play: FSD v14.3 is in employee beta with hints of a broader rollout — a potential future revenue/ROI driver if safety and monetization progress. Is Tesla’s FSD v14.3 Ready for a Wider Rollout? — Zacks
• Negative Sentiment: Q1 vehicle deliveries missed Wall Street estimates — Tesla delivered 358,023 vehicles vs. higher Street expectations — the primary reason shares sold off today. Tesla’s first-quarter deliveries miss estimates — Reuters
• Negative Sentiment: Production outpaced deliveries (≈408k produced vs. 358k delivered), pointing to inventory build and weaker near‑term demand — investors worry about markdowns, margin pressure and an uneven sales recovery. Tesla production vs deliveries — BusinessWire
• Negative Sentiment: Analyst reactions and downgrades (includingcuts and “sell” reiterations) have increased near‑term downside risk as estimates are trimmed. GLJ reiterates Sell on Tesla — AmericanBankingNews
• Negative Sentiment: Competitive pressure is intensifying (BYD and other rivals ramping exports and growth), eroding pricing power and market share in key regions. BYD nearly matches Tesla’s exports — Benzinga

Tesla Company Profile

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.